Lucky Block Price Forecast: LBLOCK/USD Experiences Successful Breakout

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Lucky Block Price Forecast – June 20

Lucky Block price forecast calls for new highs of $0.001100. The bulls have pushed through $0.000970 to reach new highs.

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

Key Levels:
Zones of supply: $0.001180, $0.001100
Zones of Demand: $0.000970, $0.000800

LUCKYBLOCK

LBLOCK market leapt off the support level at $0.000800 on the 13th of May. The RSI (Relative Strength Index) revealed the market was oversold. The intraday candles rose above the midline of the Bollinger Bands. There was a return to a bullish order block, prompting bullish market volatility.

Lucky Block Price Forecast: LBLOCK/USD Outlook

The market formed a symmetrical triangle between the 13th of May and the 16th of May. The lower highs and higher lows narrowed to a point, which led to a bullish breakout.

The candles narrowed down to a point from the resistance level at $0.001100 and the support level at $0.000800. The bulls rallied aggressively to the resistance level at $0.001100.

The market descended through a creek to the demand level at $0.000800. The Parabolic SAR formed bullish points below the candles. The RSI was also oversold at the same time. The price increased due to buying pressure in the demand zone.

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

LBLOCK/USD is currently rising through a wedge. The market has pushed above $0.000970.

LUCKYBLOCK

The retest of the breakout above $0.000970 is seen to promote the buying of Lucky Block. The market is expected to rise to a $0.001100 supply zone.

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.

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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.