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Lucky Block Price Forecast – August 18
The Lucky Block price forecast is for the market to gather enough strength to break upward. The price is currently in a steady uptrend motion.
LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)
Supply Zones: $0.0024760, $0.0029270
Demand Zones: $0.0008300, $0.0019970
LBLOCK is agitated to drive upwards, yet the market is trying to gather strength. This has led to ranging movement in a steady uptrend. The agitation of the price is seen in the spike of individual candlesticks to touch the resistance levels. The first level to break is the $0.0024760 resistance level.
Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness
Lucky Block initially made a reckless foray upward with much impetus at the beginning of the year. The rise was drastic and uncoordinated, and the price fell as quickly as it began.
An attempt to claw back to key levels was unfruitful, and eventually, the price dropped below $0.0019970. It is from here that the coin begins to work its way back upward along a trendline.
Since then, the price has been undulating along a trendline. The Bollinger Bands remains squeezed around the candles as it keeps it in consolidation. The RSI (Relative Strength Index) also shows an upward movement.
LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)
The 5-minute chart highlights the urgency of the bullish market. Despite still in a ranging phase, individual candles can be seen spiking up to test the $0.0024760 resistance. The Bollinger Bands remain tightly wrapped around the market except in situations of a spike.
There is much volatility in the market, as shown by the erratically undulating nature of the RSI line. But despite this, the lines are aligned in a steady upward movement towards the oversold region. It is expected that LBLOCK will rise to violate the $0.0029790 resistance level.
You can purchase Lucky Block here. Buy LBLOCK
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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