Lucky Block Price Forecast: LBLOCK/USD Maintains Strong Upward Pressure

Updated:

Lucky Block Price Forecast – March 30

The Lucky Block price forecast is for the market to maintain upward pressure to force its way past the confluence of its channel’s upper border and the $0.00336565 resistance level.


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

Key Levels:
Supply Zones: $0.00474100, $0.00336565
Demand Zones: $0.00220000, $0.00134480
Lucky Block Price Forecast: LBLOCK/USD Maintains Strong Upward Pressure LBLOCK/USD maintains its upward pressure after an interruption of the current bearish round in the market. A substantial upsurge from the $0.00134480 support level pushed the market past several key levels and out of its descending channel. But a weakness among the buyers due to overexertion led to a slump back to the channel. Buyers have, however, recovered to maintain upward pressure to break out again.


Lucky Block Price Forecast: LBLOCK/USD Anticipation

Lucky Block buyers have been accumulating momentum as they bounce up and down in a descending channel. The market can be seen clinging to key levels as the price slides downward.

On the 27th of March, the bulls struck with a strong rise in price that broke out of the channel. However, LBlock has slipped back into the channel at this first trial.

The bulls aren’t giving up, and they have rallied again, maintaining upward pressure at the upper border. The EMA (Exponential Moving Average) period 100 supports the price.


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

On the 5-minute chart, the market is generally in a lateral direction as the price lays a siege below the channel’s upper border and the $0.00336565 resistance level. The EMA period 100 has dropped below the price to aid its upward movement.
Lucky Block Price Forecast: LBLOCK/USD Maintains Strong Upward Pressure The RSI (Relative Strength Index) indicator shows a peculiar price movement. The RSI line is seen in strong oscillating movement in a generally upward direction (despite the predominant sideways trend in the market). Bulls are working actively behind the scenes, and we can expect a second breakout of the price beyond $0.00336565.

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.