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Lucky Block Price Forecast: June 23
The Lucky Block price forecast is for the market to persist in its resolve to violate the $0.0001420 resistance level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0002980, $0.0002740, $0.0001990
Demand Zones: $0.0001880, $0.0001570, $0.0001420
The Lucky Block market remains on the verge of violating the $0.0001420 resistance level. Since experiencing a significant price decrease in May, the price has been limited to a bounded range. This range is confined by the resistance level of $0.0001420 at the upper end of the channel and the support level of $0.0000880 at the range’s lower end. The buyers are strengthening themselves to push the price back beyond this consolidation zone.
Lucky Block Price Forecast: LBLOCK/USD Outlook
The Lucky Block market had earlier tested the $0.0001420 resistance a couple of times as it attempted to violate the ranging zone. The price is gunning again for another test that will likely break the level.
The coin has already pierced through and risen above the $0.0001100 significant level. The pullback toward the level might be needed to spring up and escape the trap of the $0.0001420 resistance.
The MACD (Moving Average Convergence Divergence) lines that have plunged deeply below the zero level are gunning upward after crossing upward earlier. Bullish histogram bars are also evident.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The MA period 40 (Moving Average) has already been breached to the upside on the daily chart. Much more importantly, on the 4-hour chart, the MA is now underlining the candles and supporting the upward movement.
The MACD lines have risen highly above the zero level, and strong bullish histogram bars are accompanying them. The Lucky Block market remains intent on pushing through the $0.0001420 limitation. This will then release the price to surge further back to the main resistance level at $0.0001990.
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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