Lucky Block Price Forecast: LBLOCK Is Expected to Spring Upward

Lucky Block Price Forecast – August 9

The Lucky Block price forecast is for the market to shake off the bearish pressure that is weighing it down and spring upward beyond the $0.0007100 level.

LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.00071000, $0.00076050, $0.00078000
Demand Zones: $0.00056000, $0.00060000, $0.00066610
Lucky Block is set to rid itself of the pressure pushing it to the downside. The zone between the $0.00071000 significant level and the 0.000600000 support level represents the zone for market interactions as both bulls and bears fight it out here in order to continue influencing the market.

Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

The market’s fall began when it failed to go past the consolidation point where the $0.00097160 key level crossed a descending trendline. The bears use this opportunity to plummet the price.

Afterwards, the bears grew more aggressive as they kept knocking the price downward. Eventually, LBLOCK slumps to around $0.00064310. At that point, the bulls had revived and were regrouping.

The price’s continuous plunge has been abated. The lines of the MACD (Moving Average Convergence Divergence), though still below the zero level, have drawn closer to market equity. The bulls are gradually regaining power.

LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

The 5-minute chart shows that the market failed to plunge past the $0.00066610 support for a long while before it now drops a bit below the level. The essence of this is to strengthen the buyers for an upward drive that is expected to push towards the $0.00071000 resistance level.
The MACD (Moving Average Convergence Divergence) also shows the current state of expansion in indicator shows more progress on the part of the buy-traders. Bullish histogram bars are more prominent since the start of today. The price is expected to surge upward to break $0.00071000.

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