Lucky Block Price Prediction: Lblock Successfully Breaks Out of the Descending Channel


Lucky Block Price Forecast – May 3

The Lucky Block price forecast has been bullish since the breakout from the descending channel on May 2nd.

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

Key Levels:
Supply Zones: $0.0019870, $0.0018530
Demand Zones: $0.0016540, $0.0012810
Lucky Block Price Prediction: Lblock Successfully Breaks Out of the Descending ChannelLBLOCK/USD created lower lows and highs as the market dipped towards the demand zone at $0.0012810. The resistance levels successfully defended bullish moves in the market from the 23rd of April. A double top was formed beneath $0.0019870. This reversal pattern eventually played out successfully with the break in the market structure.

Lucky Block Price Prediction: LBLOCK/USD Prospects

The Lucky Block bounced on both edges of the descending channel. The demand levels failed to hold as the bears went short. The market eventually struck the demand zone at $0.0012810. The support level formed a confluence with the supporting trend line of the descending channel.

The confluence area was struck when the market was at a deeply discounted price. The MACD (Moving Average Convergence Divergence) signalled that the market was oversold.

The cross of the Moving Averages (period twenty-one and period nine) was a confirmation of the change in market direction. The bulls utilized the opportunity to go long in the market. The bullish surge successfully swept the internal structure high.

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

The market has created higher highs in a step-wise fashion. The bearish retracement after the bullish breakout is almost negligible. The pull of price to the upside was so strong after the breakout that there was no retest of the descending channel. The market price has ascended past $0.0016540.
Lucky Block Price Prediction: Lblock Successfully Breaks Out of the Descending ChannelThe market is expected to tap into the supply level at $0.0018430. The majority of the candles on the five-minute chart are supported by the Moving Average period nine and the Moving Average period twenty-one.

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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
Share with other traders!

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.