Lblock to Gain Momentum From Ranging
Lucky Block Market Prediction – March 18
The Lucky Block market prediction is for the price to embark on a new consolidation phase to gather more momentum.
LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)
Supply Zones: $0.00540160, $0.00502670, $0.00474100
Demand Zones: $0.00378200, $0.00336565, $0.00220000 After a strong bullish round, LBLOCK/USD will embark on a new ranging phase in a familiar consolidation zone. The essence of a fresh consolidation is to enable the buyers to gather more momentum before running out of steam. The coin rose to a price level of $0.00474100 before dropping back. The market is set to begin a consolidation with $0.00378200 as support.
Lucky Block Market Prediction: What to Expect from Lblock?
The ranging phase, which began in late February, was a tool used by market buyers to protect the market from excessive price drops.
After a while of consolidating, LBlock descended out of the range zone. This was a tactic that buyers used to bring about a return to the bullish strength in the market. The result is that the market surged from a depressed state.
The price has now risen into the consolidation zone and is set to range for a while before more upward movement. With the price drop, the Stochastic is currently in an oversold region for an imminent rise.
LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)
On the 5-minute chart, the price is now bordering the consolidation support level at $0.00378200. The price is expected to rise again towards the consolidation resistance at $0.00540160. As a result, it can be observed that the Bollinger Band has been squeezed on the 5-minute chart, and the price maintains a silent movement. The Stochastic Oscillator has risen to the border of the overbought region. There is still scope for a rise before the price drops again. LBLOCK/USD is expected to stay in trade in the consolidation for a few more days to build up momentum for a rise to the $0.00540160 level.
How To Buy Lucky Block
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