Lucky Block Price Forecast: LBLOCK/USD Resumes Ascending Direction

Updated:

Lucky Block Price Forecast: June 6

The Lucky Block price forecast is positive for the bulls as the market reversed at $0.001210. The Lucky Block price forecasts a reach of $0.001810.


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

Key Levels:
Supply Zones: $0.002810, $0.001810
Demand Zones: $0.001210, $0.00810
Lucky Block Price Forecast: LBLOCK/USD Resumes Ascending DirectionLucky Block retracement has finally halted as the bulls resume their upward course. The major level at $0.001210 has given support to cause a bullish reversal.


Lucky Block Price Forecast: LBLOCK/USD Outlook

Lucky Block has resumed its bullish course that was paused temporarily. On the 20th of May, the Lucky Block Market met resistance at $0.002810. The bulls were exhausted, having rallied aggressively from $0.001210. The bullish surge from $0.001210 started on the 19th of May.

The bullish reversal at $0.001210 on the 3rd of June continued the original bullish trend, which was initiated on the 12th of May. The Moving Averages (period eighty-nine and period two hundred) crossed on the 15th of May after the bullish reversal to confirm the change of market reversal. Similarly, the Moving Average periods eighty-nine and two hundred crossed yesterday after the bullish reversal on the 3rd of June.

A new bullish trend line has been anchored at the low formed in the $0.001210 demand zone. The ascending trend line is expected to guide the bulls to major levels above the current price.


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

LBLOCK/USD Intraday candles are currently resting above the Moving Averages period eighty-nine and two hundred. The next critical zone at $0.001810 is not far off.
Lucky Block Price Forecast: LBLOCK/USD Resumes Ascending DirectionThe market is gyrating sideways in the 5 minute time frame. The market is expected to strike the significant level at $0.001810, which is the next pull of the market.

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.