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Lucky Block Price Forecast: October 20
The Lucky Block price forecast is for the bulls to steady the market above the $0.0000260 demand level after which the price is expected to pump.
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 has successfully avoided further price drops as it anticipates a market pump. The coin is still accumulating between key levels which started about a month ago with the drop of the price below $0.0000360. Bears were looking to strike again but that move has been circumvented and the market has stabilized itself back above the $0.0000260 demand level with consecutive bullish candlesticks.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Lucky Block has successfully avoided further price drops as it remains in anticipation of a market pump.
The coin has continued to consolidate within a price range that began approximately a month ago when the price dipped below $0.0000360.
Although bears initially aimed for further downside, their efforts have been thwarted, leading to market stability above the $0.0000260 support level, marked by consecutive bullish candlesticks.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily chart, the Envelope indicator has descended to align with the market, effectively enveloping the candlesticks. Additionally, the Stochastic Oscillator lines have emerged from the oversold region and are positioned to advance toward the 50 mark.
The 4-hour chart reflects a scenario where candlesticks have rebounded from the lower Envelope line and crossed to test the upper Envelope line, signaling a bullish sentiment. Furthermore, the Stochastic Oscillator lines have risen significantly and crossed above the middle line, approaching the overbought region. It is foreseeable that LBLOCKUSD will ultimately make a push towards $0.0000880.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, presented product, or event. We are not responsible for your investment results.
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