Lucky Block Price Forecast: LBLOCK Is Gearing for a Strong Rally

Updated:

Lucky Block Price Forecast – August 26

The Lucky Block price forecast is for the coin to push through the barrier that has kept it in consolidation for a while now. The $0.002450 key level is the first that will be violated as the price aims for $0.0043880.

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

Key Levels
Zones of Supply: $0.0043880, $0.0024500
Zones of Demand: $0.0018410, $0.0007390
Lucky Block Price Forecast: LBLOCK Is Gearing for a Strong RallyLucky Block is gearing up for a rally from a strong demand zone at $0.0018410. The price has been held up so far by this support level at $0.0018410 and has not been able to yet break the supply level immediately above it at $0.002450.

Lucky Block Price Forecast: LBLOCK/USD Outlook

Both the demand and supply zones have been very influential in determining the movement of prices. The buyers used the support level to stabilize the market when the sellers were dominating.

As for the demand level, however, Lucky Block attempted to rally back immediately from the demand level, but the sellers have also been using the supply levels to block the price increase.

LBLOCK is back to the demand level. The bulls are using this time to accumulate momentum as they gear up for a rally which is set to break the supply levels. The parabolic SAR (Stop and Reverse) alternates around the candles to show the accumulation phase.

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

On the 5-min chart, the RSI (Relative Strength Index) indicator is wobbling at a central point just like on the 30-minute chart. This also suggests that the market is still building strength from the accumulation, and the bullish influence is there. The Parabolic SAR remains alternating in equal measure around the 5-minute candles.
Lucky Block Price Forecast: LBLOCK Is Gearing for a Strong RallyLucky Block is positioned for a rally that will break several key levels. This is an advantage to the bulls. The coin is expected to first violate the closest supply line at $0.002450 before it rises further to assault the other key levels. This will set the buyers free to give more expression, and we could see the price rise to $0.0043880 and beyond.

How To Buy Lucky Block 

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.