Lucky Block Market Prediction: LBLOCK Consolidates, Eyes Potential Breakout

Lucky Block Market Prediction: July 3

The Lucky Block market prediction is that the coin will continue consolidation to help strengthen buyers for a potential breakout.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001100
Demand Zones: $0.0000880, $0.0000720, $0.0000650

The Lucky Block market fell below the $0.0001420 level on May 14th and has been looking for a way to get back above it. The coin hasn’t been able to make it above the key level; it is now trading in what can be said to be consolidation, with $0.0000880 acting as the support level. This process is expected to strengthen the bulls to make the anticipated breakout.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The initial contact with the $0.0000880 support level came on May 20th, as the support stood firm against the continuous plunging of the market.

The price has since risen from this support level but has been limited to $0.0001420. A back-and-forth movement is noticed in the market as the price assumes a ranging phase.

Although there was a significant increase in the market in late June, it had little effect on the overall market outlook. The Envelope indicator has engulfed the market trading range, showing the downtrend into the consolidation zone.

Market Expectations

The EFI on the daily chart indicates an intention, but it is important to note that it is aligned with the equilibrium level. This suggests that neither buyers nor sellers currently have a significant advantage in the market, making the price susceptible to influence in either direction.

The range of the market is more evident in the 4-hour chart as the Envelope indicator flows with the undulation of the market within the key levels. The EFI on the 4-hour chart is at equilibrium but is more swayed to the upside, giving the bulls the bias. The coin will be looking to push beyond the level to break the $0.0001420 resistance.

 

How To Buy Lucky Block

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