Lucky Block Price Forecast: LBLOCK Is Seeking Support Strength to Spring Back Upwards


Lucky Block Price Forecast – August 15

The Lucky Block price forecast shows that the coin will spring up at the slightest push it gets from the market influencers. As a result, the price is seeking to stabilize from support to spring up.

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

Key Levels:
Supply Zones: $0.0006213, $0.00097160
Demand Zones: $0.00045370, $0.00036600
Lucky Block Price Forecast:The short candlesticks displayed by the Lucky Block as it currently moves show there is much more happening in the background. There is an internal tussle for dominance of the market, and it seems to be that the market is on a descent. The bulls, however, are only in need and on the search for a support foothold to immediately spring back upwards and recover all the price levels that are being lost.

Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

This trend starts at the $0.00097160 solid supply level, as the market fails to immediately violate the resistance (which is reinforced by a downtrend line. This fall kind of predisposes the market to a bearish tenure.

However, just as the bears received backing to edge the bulls in the market, the buyers are also seeking a platform through which they counteract. This will enable the price to spring back upwards.

Despite the market bias to the bears, as shown by the EFI (Elders Force Index) line, the coin is currently testing the solidity of the $0.00045370 support level. The RSI (Relative Strength Index) line is hovering about the oversold area ready to surge upwards.

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

On the 5-minute chart, the EFI power line is about the equilibrium level as the buyers shorten the influence of the sellers in the market. The price is still testing the solidity of the $0.00045370 demand level.
Lucky Block Price Forecast:Like the 30-minute time frame, the RSI line is currently hovering above the oversold region. Although the line movement is back and forth between the oversold and overbought zones, the market is expecting to receive a clearance to switch bullish to which the RSI line will abide closer to the oversold region.

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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.