Lucky Block Price Forecast: LBLOCK Seeks More Investors at Lower Price Levels

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Lucky Block Price Forecast: May 12

The Lucky Block price forecast is for the market to attract bullish investors at a lower price level. This will help the price surge after accumulating strength at the lower price level.

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

Key Levels:
Supply Zones: $0.0002740, $0.0001990
Demand Zones: $0.0001570, $0.0001420

LBLOCKUSD has dropped a bit in price. The coin has been trying to invalidate the strong resistance level at $0.0001990 by directly testing it several times, but it seems to be taking time. As a result, the market has dropped to gather investment at a lower level, from which it will generate enough momentum to push through and defy the level.

Lucky Block Price Forecast: LBLOCK/USD Outlook

Since the price rose from its former lower low at $0.0001420, the market has only been able to breach the $0.0001990 resistance once, on April 1, after which it slipped back below it.

The buyers tried several times to test the resistance for many days to break it, but not successfully. Right now, the price has dropped to a lower level for investments.

Buyers are expected to take advantage of the low market price, especially considering its bullish potential. The EFI (Elders Force Index) power line has dropped slightly below the zero level as the market drops to a lower level for investment.

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

As of the point of writing, the Parabolic SAR (Stop and Reverse) remains aligned above the daily candlesticks in reaction to the drop of the market to a lower level. This is the same on the 4-hour chart. Nevertheless, a bullish reaction is expected as soon as the market gets more input from buyers.

The EFI power line remains below zero in this lower time frame, but the trajectory is upward toward the zero line. Again, this is a result of the price drop to attract investment, and there is expected to be a bullish reaction as soon as more buyers begin to jump on the market. The coin will be strong enough to charge at the $0.0001990 resistance and rise beyond it to around $0.0002740.

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.