Lucky Block Price Forecast: LBLOCK Market Seeks Rebound to Continue Rallying

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Lucky Block Price Forecast: March 22

The Lucky Block price forecast is for the market to break the present resistance at $0.0001990 by rebounding off a key level. This will also continue the price rally.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $0.0002890, $0.0001990
Zones of Demand: $0.0001420, $0.0001200

The LBLOCK market displayed its bullish potential when it violated the $0.0001420 resistance level to rise by more than 200%. However, the price surge is being corrected back below the $0.0001990 significant level. The market is now looking for a significant level from which to rebound and continue its bullish movement.

Lucky Block Price Forecast: LBLOCK/USD Outlook

The Lucky Block market eventually got to display its bullish prowess when it evaded the price structure and concentrated on the $0.0001420 significant level. This results in a more than 200% price surge to $0.0003366.

Nevertheless, the market has corrected itself after the overexertion. The price dropped back just below the $0.0001990 weekly resistance level. The task at hand now is for the market to steadily continue its rally.

When the price surge happened on the daily chart, it stretched and broke the upper Bollinger Band, and that is why when the price corrected itself, it recoiled back to the extent of the Bollinger Band stretch.

LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)

The 4-hour chart also shows the effect of the upper Bollinger Band on the correction of the market back below $0.0001990. Going forward in search of a rebounding level, the price has just traded below the middle line of the Bollinger Band on the 4-hour chart but remains above it on the daily chart. This middle line is fundamental to the rebounding of the price.

The market momentum is still highly placed on the daily timeframe, as shown by the Momentum indicator. Nevertheless, the current retracement in search for a rebounding level has seen a bend at the tip of the Momentum line. On the 4-hour chart, the momentum has dropped back to its previous level due to the retracement. Momentum is expected to rise again once LBLOCK bounces off a key level to continue its rally.

How To Buy Lucky Block

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