Lucky Block Price Forecast: LBLOCK/USD Descends Towards a Defensive Low

Updated:

Lucky Block Price Forecast- June 13

The Lucky Block price forecast is aiming for $0.001230.The market forecasts a bullish reversal at the $0.000780 demand level.

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

Key Levels:
Supply Zones: $0.002850, $0.001340
Demand Zones: $0.001340, $0.000780
Lucky Block Price Forecast: LBLOCK/USD Descends Towards a Defensive LowLucky Block experienced a bullish breakout on the 18th of May. The market selloff stopped on the 12th of May after the demand level of $0.00780 was struck. A bullish structural shift followed immediately after.

Lucky Block Price Forecast: LBLOCK/USD Outlook

Lucky Block broke out from an ascending triangle after the bullish structural shift. The RSI (Relative Strength Indicator) indicated the market was in an oversold region. The Stochastic indicator also aligned with the Relative Strength Index, suggesting that the bulls were ready to go long.

There was a quick reaction at the resistance level. The market dipped below $0.002050 in less than an hour. There was a correction to the supply level at $0.002850 after the sudden dip.

There was a minor character change below the supply level at $0.002850. This caused the market price to fall towards the liquidity voids. The bulls experienced support at $0.002050. The support level at $0.002050 caused a temporary rally from the 29th of May till the 30th of May. The support level at $0.002050 eventually gave way to the pull of the liquidity voids below $0.002050. The Relative Strength Index indicator is currently oversold. A breakout is presently anticipated from the wedge formed during the sell-side delivery.

Medium-Term Trend: Bullish (5-minute chart)

LBLOCK/USD has created an early sign of a bullish reversal. A bullish divergence has formed with the Relative Strength Index. There is a higher low on the RSI indicator, which is the opposite of the five-minute chart. The bullish divergence is at a protected low, which could eventually lead to higher timeframe bullishness.

Lucky Block Price Forecast: LBLOCK/USD Descends Towards a Defensive Low

The support level is expected to increase the buying pressure. The market is expected to pump rapidly to the next major zone at $0.000780.

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.