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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 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.
Similarly, 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
Note: Learn2.trade 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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