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

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

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

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

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

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.

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

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

NoteLearn2.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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News