Lucky Block Price Forecast: Lucky Block Is Making a Push in an Upward Direction

Updated:

Lucky Block Price Forecast: September 5


The Lucky Block price forecast is for the market to start making movements in an upward direction after it plunges to the $0.0007730 support level.

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

Key Levels:
Zones of supply: $0.0010280, $0.0025390
Zones of Demand: $0.0007730, $0.0002860
Lucky Block Price Forecast: Lucky Block Is Making a Push in an Upward Direction
The forces are in support of a bullish resurgence for the Lucky Block. The price was locked in a channel for several days, and the market, while tugging severally at the resistance level, was unable to push itself through. LBLOCK eventually dropped through the support out of exhaustion to the $0.0007730 demand level. The market is now energized and raring to go upward again.

Lucky Block Price Forecast: LBLOCK/USD Outlook

The daily chart shows the LBLOCK market, which has been trending at the $0.0018580 key level, is making a last push to test the $0.0025390 resistance. A rejection causes the price to drop below its support.

The 0.0012610 key support was the next level to which the price dropped, but it couldn’t achieve much there either as the market remains in a recharging phase. Hence, the coin also drops to the next support level.

The next support of $0.0007730, the coin has taken its time to get recharged and is now gearing up for a bullish assault. The MA period 50, which has been above the candles all along, has dropped beneath them to provide support.

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

The MACD (Moving Average Convergence Divergence) indicator on the daily chart shows an increasing upward movement from a bearish position till its lines cross above the zero level and a bullish histogram begins to appear. Lucky Block is on the rise.
Lucky Block Price Forecast: Lucky Block Is Making a Push in an Upward DirectionThe 5-minute chart shows the rise of the candlesticks towards the $0.0010280 price level, which is now acting as resistance. The MA (Moving Average) period 50 is the line under the candles for additional support cushion. Another test at resistance is expected to make a breakthrough, which will then lead to an upward drive towards higher price levels.

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing 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.