Lucky Block Price Forecast: LBLOCK’s Lateral Movement Fuels Bullish Momentum

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Lucky Block Price Forecast: May 1

The Lucky Block price forecast is for the market’s bullish momentum to gradually increase as the price continues moving laterally.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Supply Zones: $0.0002980, $0.0002740, $0.0001990
Demand Zones: $0.0001880, $0.0001570, $0.0001420

The LBLOCKUSD lateral movement is helping to strengthen the bullish momentum in the market. The price dropped to the $0.0001690 demand level on the 5th of April and has since been finding it difficult to rise past $0.0001990. This has led to the lateral movement of the coin below the resistance. Nevertheless, buyers are now using lateral movement to build momentum that will help them breach the resistance level.

Lucky Block Price Forecast: LBLOCK/USD Outlook

The market has been following an ascending trend, and it continued this by driving upward forcefully on the 2nd of April. However, when the price was not allowed to rise beyond $0.0002980,

Afterward, the bulls were weakened in intensity, which allowed the price to drop below several key levels until it dropped to the $0.0001690 critical level. At this point, the bulls had revived to steady the market.

It can be noticed from the chart that the market is eager to continue rallying, but the $0.0001990 resistance is now prevailing. The EFI (Elders Force Index) power line has dropped slightly below the zero line due to the pressure against the price rise.

LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)

As of the point of writing, the Parabolic SAR (Stop and Reverse) remains aligned below the daily candlesticks. This is a good indicator for the buyers, who will be looking to make the market bias in their favor count.

Things are not particularly straightforward on the 4-hour chart. The Parabolic SAR dots have switched and made a lone line-up above the 4-hour candlesticks, but at the time of writing, the dots have switched back below the candles, signifying a change to an upward direction again. The EFI power line remains slightly below the zero level in this lower time frame.

How To Buy Lucky Block

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