Lucky Block Price Forecast: Lucky Block Strengthening for a Bullish Assault

Updated:

Lucky Block Price Forecast – September 2

The Lucky Block price forecast is for the coin to keep strengthening itself at the $0.0011630 price level till it develops the impetus for a bullish assault. This is expected to take place some hours from now.

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

Key Levels:
Zones of supply: $0.0044330, $0.0027480, $0.0018120
Zones of Demand: $0.0011630, $0.0008190, $0.0002930
Lucky Block Price Forecast: Lucky Block Strengthening for a Bullish AssaultLBLOCK is agitating to break free from the confinement it currently finds itself in. Initially, the price was looking to force its way through the overhead barrier at $0.0027480, but there has been little success in passing that route. The market influencers have now decided that a pullback to a lower lever will give the market some much-needed momentum to bypass the barrier, hence the price drop to $0.0011630.

Lucky Block Price Forecast: LBLOCK/USD Outlook

The market buyers have their sights firmly set on the $0.0044330 significant level. They attained this level during a surge that took place from late July into early August.

However, after expending much energy to attain that level, the buying base weakened. This allowed sellers to take control of the market and they plummeted the price below $0.001812.

After the coin was unable to immediately force its way through, it resorted to a lower level to gather momentum and velocity to break through all levels to get to $0.0044330.

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

The ATR (Average True Range) indicator on both the 5-minute and 30-minute charts shows a progressive decrease in market volatility. This is because the market is changing its strategy from a forceful up drive to pulling to a retrace and break strategy in which it drops to a lower level to then surge upward with much momentum.
Lucky Block Price Forecast: Lucky Block Strengthening for a Bullish AssaultThe RSI (Relative Strength Index) indicator on both charts also shows an undulating movement. This is a means by which the price is accumulating from which it will build momentum to push upward. Lucky Block bulls are expected to drive the market up forcefully towards the $0.0044330 resistance level.

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.