Lucky Block Price Forecast: LBLOCK/USD Seeks Support at Major Low

Updated:

Lucky Block Price Forecast: June 13

The Lucky Block price forecast is seeking the key level at $0.001230. The bulls will likely increase the buying pressure to secure the low at $0.00780.


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 Seeks Support at Major LowLucky Block experienced a market reversal after the market reached the demand level at $0.00780. This eventually caused the market to soar to $0.002850.


Lucky Block Price Forecast: LBLOCK/USD Outlook

Lucky Block ascended to invalidate the major level at $0.001340. The market climbed from the 18th of May till the 20th. A sharp peak formed on the 20th due to the resistance at $0.002850. The stochastic indicator, as well as the RSI, were already overbought.

The rapid push-up of the bulls from $0.00780 to $0.002850 created liquidity voids in the market. The gaps were closed halfway with the sudden dip on the 20th of May.

The bearish break of the structure below the supply level at $0.002850 filled the gaps till $0.001340, where the liquidity voids were delivered. In the areas of the liquidity voids, while the market was ascending, there was only buy-side delivery without efficient mitigation. The stochastic 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 reached the demand level of $0.000780. On the five-minute chart, multiple accumulation and distribution phases appear above the demand level at $0.000780. The Stochastic indicator is also oversold on the lower time frame as it is on the higher time frame. A bullish structural shift is therefore anticipated on Lucky Block.
Lucky Block Price Forecast: LBLOCK/USD Seeks Support at Major LowThe demand level is likely to cause an influx of buyers. The market is expected to soar to the next key level 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.