Market Prediction for Lucky Block: LBLOCK Continues to Trade Sideways; Prepared for an Upward Lunge

Updated:

Lucky Block Market Expectation – September 23

The Lucky Block market prediction is for the price to lunge upward any time from now, from its sideways trend.

LBLOCK/USD Long-Term Trend: Bullish (4-hour Chart)

Key Levels:
Zones of supply: $0.0008360, $0.0006820
Zones of Demand: $0.0001878, $0.0005060
Market Prediction for Lucky Block: LBLOCK Continues to Trade Sideways; Prepared for an Upward LungeLucky Block continues in a sideways movement above the $0.0005060 support level. The buyers are looking for potential points of weakness in the immediate resistance level, through which the price will lunge upward. Therefore, the bulls have set themselves in an array to take advantage of such an opportunity. But in the meantime, the market remains sideways trending.

Lucky Block Price Forecast: LBLOCK/USD Outlook

Strong bearish forces have temporarily halted the upward movement of the price. Instead, the market has been gradually conducted downward through a descending trendline.

And so, the price has been pushed to the significant support level of $0.0005060, which is actually a springboard for the bulls. Currently, the market is moving sideways at the price level, awaiting an upward push.

The plunge and extensive sideways movement of the RSI (Relative Strength Index) line in the oversold region is representative of the drop of the market to $0.0005060. An imminent rally is expected for the signal line and, hence, the market.

LBLOCK/USD Medium-Term Trend: Bullish (1-hour chart)

As clearly seen on the 1-hour chart, the market has crept beyond the descending trendline at the $0.0005060 significant level. This shows a willingness for the buyers to be patient to take the best opportunity for a rally so as not to expend so much energy and fall short where it matters most.
Market Prediction for Lucky Block: LBLOCK Continues to Trade Sideways; Prepared for an Upward LungeDespite the predominant sideways movement of Lucky Block, the MACD (Moving Average Convergence Divergence) indicator on the 4-hour chart has crossed upward and is heading towards the zero level. This is the same trend on the 1-hour chart. This shows a predisposition of the market to rise. The current primary objective of the coin is to rise to and break the $0.0008360 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.