Lucky Block Price Forecast: LBLOCK/USD Will Skyrocket After Breaking $0.002 Resistance Zone

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Lucky Block Price Forecast – August 21

The Lucky Block price forecast is for the market to eventually force its way through the limiting zone between $0.0027240 and $0.0024750. Afterwards, the price is expected to drive forcefully upwards, using up all its stored momentum.

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

Key Levels:
Zones of supply: $0.0030080, $0.0024750
Zones of Demand: $0.0019700, $0.0017200
Lucky Block Price Forecast: LBLOCK/USD Will Skyrocket After Breaking $0.002 Resistance ZoneLucky Block potential bullish assault is based on a solid support level at $0.0019700. The coin has been forced to be compressed between this support level at $0.0019700 and the resistance zone that extends from $0.0024750 to $0.0027240.

Lucky Block Price Forecast: LBLOCK/USD Outlook

The $0.0024750 to $0.0027240 psychological zone is quite influential and has been used by both buyers and sellers to their advantage. Early this month, when the bears were raging, the buyers supported themselves for some days above this level, though the price will eventually dip below it.

As soon as the market dropped to $0.001720, it attempted a quick recovery by bouncing off the support, but it was the turn of the sellers to use the $0.0024750 to $0.0027240 zone to block the market’s rise. The price had to settle at $0.0010970, below the zone. LBLOCK will eventually drill upward through the zone, but the bulls failed to gather momentum at the most crucial time.

The coin is back below the $0.0024750 to $0.0027240 psychological zone. The bulls are using this period to strengthen themselves as they prepare for another assault on the psychological zone. The MA period 50 (Moving Average) has taken a position below the 30-mins candles to help push it up.

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

Also on the 30-mins chart, the MACD (Moving Average Convergence Divergence) indicator has its lines above the zero level. This is despite the alternating histogram bars. This suggests that the market is still building strength and the bullish influence is greater. The MACD lines on the 5-mins chart are actually alternating with the histogram bars, although they are currently above the zero level.
Lucky Block Price Forecast: LBLOCK/USD Will Skyrocket After Breaking $0.002 Resistance ZoneThe Moving Average period 50 is positioned more below the 5-minute candlesticks than above them. This also gives an advantage to the bulls. Lucky Block is expected to break through the psychological zone shortly. This will set the buyers free to give more expression, and we could see the price rise to $0.0030080 and beyond.

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.