Lucky Block Price Forecast: LBLOCK Is Persistently Pushing for a Breakout

Updated:

Lucky Block Price Forecast – September 9

The Lucky Block price forecast is for the buyers to force a market breakout as it consistently tugs at the $0.000690 resistance level.

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

Key Levels:
Zones of Supply: $0.000800, $0.000690
Zones of Demand: $0.000500, $0.0006130
Lucky Block Price Forecast: LBLOCK Is Persistently Pushing for a BreakoutLucky Block is seriously pushing for a breakout from below the $0.000690 supply level. The price gradually slipped through the key levels till it slumped much lower than $0.000690. However, the buyers have strengthened the market and are now agitating for a breakout. The $0.000500 is the springboard for the bullish resurgence.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK had been locked in a lateral movement for a while above the $0.000800 price level. After all the efforts towards climbing up were rebuffed, downward pressure began to mount on the market.

This continued till the coin gradually slid down to the $0.000690 significant level. After a little while, the price then slumps below $0.000690 again, dropping to the $0.000500 demand zone.

The $0.000500 demand zone is now acting as a springboard to push the price higher, giving it an impetus to continually tug at the $0.000690 price level. The Parabolic SAR (Stop and Reverse) is yet to switch its dots below the candles to acknowledge the bullish momentum.

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

The Stochastic Oscillator on the 30-mins chart is showing an upward motion from an oversold region towards the overbought zone border. This is in consonance with the Stochastic Oscillator line on the 5-minute chart as well.
Lucky Block Price Forecast: LBLOCK Is Persistently Pushing for a BreakoutMeanwhile, to reflect the coin’s upward mobility, the parabolic SAR (Stop and Reverse) dots have alternated to the underside of the candles. LBLOCK can be backed to eventually trade to the upside of the $0.000690 level, now acting as resistance. The target is to get the price back to $0.000800.

How To Buy Lucky Block

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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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.