Lucky Block Price Forecast: LBLOCK/USD Bulls Retain Upper Hand in Market Tussle

Updated:

Lucky Block Price Forecast – March 23

The Lucky Block price forecast is for the bulls to retain the upper hand as the struggle for supremacy continues. The market is expected to make more upward moves.


LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.00578480, $0.00512670, $0.00474100
Demand Zones: $0.00360520, $0.00336565, $0.00220000
Lucky Block Price Forecast: LBLOCK/USD Bulls Retain Upper Hand in Market Tussle The Lucky Block bulls retain the upper hand as the struggle for dominance continues with the bears. The price is seen trading close to the $0.00360520 price line before it drops to a more robust $0.00336565 support level. However, bears took the opportunity to slide the market further below. The buy traders were very alert to this development and immediately spiked the coin back above $0.00360520.


Lucky Block Price Forecast: LBLOCK/USD Anticipation

The tussle for dominance continues on LBlock. Buyers are working hard to regain a market they once dominated entirely. As a result, there is currently a lot of sideways movement in the market.

Nevertheless, the bulls still have the upper hand as the market keeps sideways trending. As seen previously, they tend to accumulate momentum and surge upward from such an event.

The ATR (Average True Range) indicator shows a significant increase in volatility as the price spiked upward from a recent depression. LBlock had also traded to the upside of the EMA (Exponential Moving Average) period 24 for more price increases.


LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

As the market was sideways trending, the bears pulled the price below the support level of $0.00336565. This sparked a quick reaction among the buyers, leading to an upwards volatile spike. Both the $0.00360520 and $0.00336565 key levels were breached from the downside again as the price rose.
Lucky Block Price Forecast: LBLOCK/USD Bulls Retain Upper Hand in Market Tussle The Exponential Moving Average period 24 is acting in support of the price after the bullish reaction from below $0.00336565. The ATR indicator has its line rising strongly to show that there is much activity among buyers. Bulls will try to maintain their momentum to reach the $0.00578480 resistance level.

How To Buy Lucky Block

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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.