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Lucky Block Price Forecast: January 4
The Lucky Block price forecast is for the market to maintain a stronghold above the $0.0000470 level until buyers build momentum to push the price higher.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000600, $0.0000880, $0.0001100
Demand Zones: $0.0000470, $0.0000360, $0.0000260
LBLOCK was tending towards dropping below the $0.0000470 key level towards the end of the year. However, by the turn of the new year, the buyers infused some much-needed stability, which saw the price recover to hold above the $0.0000470 support. The market started building up from there, only to be let down again, and it fell back to solid support. The support represents a solid foundation for the price to build upon.
Lucky Block Price Forecast: LBLOCK/USD Outlook
LBLOCK maintains a position above the crucial $0.0000470 level, signaling a potential upward trajectory.
The market initially flirted with dropping below this $0.0000470 key level towards the 2023 year-end before buyers injected stability with the onset of the new year.
The input of the buyers has facilitated a recovery that solidified support above $0.0000470. Despite intermittent setbacks, this support serves as a robust foundation for price resilience.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
Despite attempts to ascend from the $0.0000470 support, the downward crossing of the MA Cross suggests persistent market pressure. The MACD lines, having crossed downward and approaching the zero level, are accompanied by the emergence of bearish histogram bars.
On the 4-hour timeframe chart, the MA Cross exhibits fluctuating up-and-down movements, contributing to lateral line motion. The MACD lines, rising above the zero level and subsequently dipping, offer a reprieve for buyers. This hints at a potential period of sideways movement before bullish endeavors resume to propel the price higher.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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