Lucky Block Price Forecast – March 24
The Lucky Block price forecast is for the market to make a swift bullish recovery move after a bearish round dropped the price to significant support at $0.00220000.
LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)
Supply Zones: $0.00474100, $0.00578480
Demand Zones: $0.00220000, $0.00336565
LBLOCK/USD is poised to make a quick recovery after the price was forced downward by bears. An extensive market tussle is ongoing between bulls and bears. The bears are the latest to influence the market by plunging the price beyond several key levels till resistance is met at $0.00220000. Market buyers are expected to respond in like measure as the downward pressure has weakened.
Lucky Block Price Forecast: LBLOCK/USD Anticipation
Since the market reached an all-time high of $0.00959760 on February 18th, the bears have found a way to exert themselves in the market. And with time, their influence has grown on Lblock.
Therefore, the market is seen moving mostly sideways and down-trending at times. This has led to a drop to $0.00220000, which happens to be a bullish hotspot where buyers react vigorously.
In previous times, at $0.00220000, the price spiked upward. This is likely to repeat itself. The Stochastic Oscillator shows a severely oversold status and has crossed upward as the price is set to recover.
LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)
On the 5-minute chart, as the price dropped below $0.00336565, the market is seen to make awkward movements as it falls further towards $0.00220000. The first reaction in the market as it drops to the support level is an upward jerk. The upward jerk is weak, and the price drops towards the support level again.
Like on the 30-minute chart, the candles are pressing hard on the lower border of the Bollinger Band, which means the price will likely spring up at the slightest trigger. This is confirmed by the Stochastic Oscillator, which also shows a severely sold status on the 5-minute chart. LBlock is expected to recover and rise towards $0.00474100.
How To Buy Lucky Block
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