Lucky Block Price Forecast: Lucky Block Bulls Exert Pressure to Break $0.0001880 Resistance

Lucky Block Price Forecast: April 6

The Lucky Block price forecast is that by exerting continual upward pressure, the bulls are poised to violate the $0.0001880 resistance and set the market on a rise.

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

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

The LBLOCK bulls are exerting upward pressure to demonstrate their dominance. There has been a tussle for control of the coin. This is demonstrated by the consistent pullbacks after price surges. However, with every upward movement, the bears are losing ground each time. The market has now pulled back to the demand level of $0.0001690 to recharge and is now trying again to push even higher.

Lucky Block Price Forecast: LBLOCK/USD Outlook

The latest market move sees the price spike upward from $0.0001420 by up to 100% to almost reach the $0.0002980 resistance level. However, like in previous times, the coin had a retracement.

Like what was done in a previous event, the buyers exerted strength to defend the market from a free fall and instead returned it upwards. A bullish candle can be seen as the coin tries to rally.

The bullish momentum is set to continue as bulls are now trying to negotiate their way past $0.0001880. The MACD (Moving Average Convergence Divergence) line is high above the zero level to show the bullish upper hand.

Market Anticipation

The MA period 20 (Moving Average) on the daily chart is laying underneath the daily candlesticks to act as support to push the market up. LBLOCKUSD is now trying to rally after hitting the $0.0001880 resistance. Price is likely to use the MA support as a springboard to shoot past the 152.970 price level. Multiple crosses on the MACD are in favor of the bulls, and the bullish histogram bars keep increasing.

The 4-hour chart shows the lines of the MA Period 20 having risen higher above the 4-hour candlesticks, which is due to the retracement in the market. Likewise, the MACD lines are apart from each other, showing divergence, causing the lines to drop below the zero level. This is expected to reverse as the buyer exerts pressure to lift the coin toward $0.0002980.

How To Buy Lucky Block

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