Lucky Block Price Forecast: Lucky Block is Expected to Maintain a Ranging Market

Azeez Mustapha


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Lucky Block Price Forecast: December 27

The Lucky Block price forecast is for the bulls to maintain a ranging market into the new year by which time, they would have strengthened for a rally.

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

Key Levels:
Supply Zones: $0.0000880, $0.0001100
Demand Zones: $0.0000600, $0.0000360
Lucky Block Price Forecast: Lucky Block is Expected to Maintain a Ranging MarketLucky Block is expected to keep ranging between below the $0.0000600 resistance level. The market will also remain bounded below the $0.00004900 support level. At the moment, the market bulls are trying to gather all the needed momentum to return towards the $0.00008800 resistance level in the new year. The buyers will nonetheless be satisfied with the progress made in recent weeks, rising out of the former consolidation between $0.0000360 and $0.0000260.

Lucky Block Price Forecast: LBLOCK/USD Outlook

Lucky Block is anticipated to maintain a range below the $0.0000600 resistance level, with support holding firm at the $0.00004900 level.

Presently, market bulls are diligently accumulating momentum, aiming to retest the $0.00008800 resistance level in the upcoming year.

Despite this, buyers find satisfaction in recent progress, emerging from the previous consolidation phase spanning $0.0000360 to $0.0000260.

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

The Parabolic SAR dots persistently align above the daily candlesticks, reflecting a downward trend since the encounter with the $0.0000880 resistance level. The Relative Strength Index (RSI) indicator has descended from overbought levels and currently resides below the 50 mark.
Lucky Block Price Forecast: Lucky Block is Expected to Maintain a Ranging MarketSimilarly, on the 4-hour chart, the Parabolic SAR dots remain positioned above the candlesticks, indicating a broader move into consolidation across both timeframes. The RSI line has also descended below the oversold boundary. Pressured down from the $0.0000880 resistance, the market is poised to continue consolidating until the new year, at which point strengthened bullish momentum may lead to another rally.

How To Buy Lucky Block is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment 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.

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