Lucky Block Price Forecast: LBLOCK Reaches the Next Phase of its Bullish Resurgence

Azeez Mustapha



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Lucky Block Price Forecast: November 17

The Lucky Block price forecast is for the market to keep making bullish progress towards a price surge of $0.0000880.

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

Key Levels:
Supply Zones: $0.0000880, $0.0000360
Demand Zones: $0.0000260, $0.0000200

Lucky Block Price Forecast: LBLOCK Reaches the Next Phase of its Bullish Resurgence

The Lucky Block market has reached the next stage in its bullish resurgence as it keeps building momentum to break out of consolidation. The first stage of its resurgence is to recover from the dip below the $0.0000260 support level. After that, the market maintained a stronghold above the same support level to stabilize the market. Presently, LBLOCK has resumed a steady ascent from the support level towards the resistance level. This is confirmed by the accumulation of consecutive bullish candlesticks.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK has entered the next phase of its bullish resurgence, demonstrating sustained upward momentum aimed at breaking out of consolidation.

The initial stage of recovery involved bouncing back from a dip below the $0.0000260 support level. Subsequently, the market has maintained a robust position above this support level, contributing to overall market stabilization.

At present, the coin is on a consistent upward trajectory from the support level toward the resistance level, as evidenced by the accumulation of successive bullish candlesticks.

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

A closer look at the daily chart reveals the Moving Average (MA) Cross moving laterally across the daily candles. Meanwhile, the Elders Force Index (EFI) power line vividly illustrates the various phases of the bullish resurgence. Initially below the zero level, it fluctuated around zero before surging into positive territory.

Lucky Block Price Forecast: LBLOCK Reaches the Next Phase of its Bullish Resurgence

On the 4-hour timeframe, the MA Cross has unequivocally executed an upward cross and is currently functioning as a support line. The EFI power line on this timeframe indicates the market is in a phase of oscillation around the equilibrium level, anticipating additional bullish force and movement. It is anticipated that LBLOCK will continue its ascent, ultimately surpassing the consolidation level.

How To Buy Lucky Block 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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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.

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