Lucky Block Price Forecast: Lucky Block Is Negotiating the $0.0024720 Resistance Level

Azeez Mustapha


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Lucky Block Price Forecast: August 31

The Lucky Block price forecast is for the market to negotiate past the current resistance level at $0.0024720. There is more chance of achieving this as buyers have more momentum.

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

Key Levels:
Zones of supply: $0.0032560, $0.0024720
Zones of Demand: $0.0020270, $0.0018460
Lucky Block Price Forecast: Lucky Block Is Negotiating the $0.0024720 Resistance LevelLBLOCK is looking for a way to break out of consolidation. The price has a double level of resistance above it. The enablement to violate one will give the market more confidence to violate the second one and eventually rise beyond the $0.003256 significant level. As a result, after about two weeks of consolidation around the $0.0020270 support, the price has risen to the level required to break it.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK started making major moves in an upward direction in mid-August. It did this by bashing against the $0.0027750 significant level. However, the price was seriously repelled at that point, and this reduced the bullish resolve.

Afterwards, Lucky Block plummets through the key level to reach the $0.0018460 key level. It received support from buyers which it is using to overturn the market. Currently, the price is pushing upward once more.

As the result, the MACD (Moving Average Convergence Divergence) lines have risen upwards and are undulating above the zero level. Bullish history bars are also very visible on the chart.

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

The 5-minute chart shows that the price is moving directly upward after bouncing upward from the $0.0018460 support level. The EMA period 75 (Exponential Moving Average) is lining the 5-minute candlesticks from the bottom to further propel the price upward.
Lucky Block Price Forecast: Lucky Block Is Negotiating the $0.0024720 Resistance LevelSimilar to the 30 min chart, the MACD signal lines are above zero and are showing more propensity to rise higher. Bullish bars are also present to show the strong influence of the buy-traders on the market. The price is expected to break through the $0.0024720 barrier and continue its foray towards the $0.0032560

How To Buy Lucky Block

Note: 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.

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