Lucky Block Price Forecast: Lucky Block Continues Trudging Upwards

Updated:

Lucky Block Price Forecast – August 30

The Lucky Block price forecast is for the market to keep trudging in an upward direction despite the harsh bearish conditions the market is facing.

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

Key Levels:
Zones of supply: $0.0023400, $0.0021930
Zones of Demand: $0.0020510, $0.0018300
Lucky Block Price Forecast: Lucky Block Continues Trudging UpwardsLucky Block is fighting hard to push back the bearish strain on the market. The coin restored bullish strength when it dropped to the $0.0018300 support level. The immediate reaction is for the price to push upward to $0.0021930. However, the stretch was such that the bulls could not sustain it and the market retraced to an upward trendline.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK first shook off the influence of the bears around the middle of the month. It then trudged up to the $0.0023400 price level where it suffered rejection, switching power to the sellers again.

As a result, the coin slides downward back through the key levels to reach $0.0018300. The buyers had set themselves in an array at this point and were able to overcome the downward flow.


The Stochastic Oscillator shows the undulating strength of the market as the price trudges upwards. The price is ascending, but it must undulate up and down as it approaches the trendline.

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

The 5-minute chart shows that the price has risen to the level of the $0.0029130 resistance level. It is now time for the buyers to bulldoze past the level. After first testing the level, the coin has pulled back to a confluence of the $0.0020510 level and the rising trend line. The Bulls are expected to shoot up from here.
Lucky Block Price Forecast: Lucky Block Continues Trudging UpwardsThe Stochastic Oscillator lines have dipped into the oversold region. This suggests an imminent rise in the market. Also, the MA Cross (Moving Average) is about to cross on both the 30 min and the 5 min chart. LBLOCK is expected to break through the resistance zone at $0.0023400 and rise higher.

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.