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Lucky Block Price Prediction: LBLOCKUSD Builds Up Bullish Momentum at $0.0000579 Level

Johnathon Fox
02/20/2024 | UPDATED ON: 02/20/2024

Lucky Block Price Prediction- February 20
The sentiment surrounding LBLOCKUSD‘s performance is notably optimistic; the coin now building up bullish momentum at the $0.0000579 level as highlighted by the current market structure. The cryptocurrency is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the bullish momentum may likely surge higher to retest the $0.0001069 level which could further expose the coin price to a $0.0001200 upper resistance mark, indicating a stronger crypto signal of recovery.

Levels:
Resistance levels: $0.0000600, $0.0000700, $0.0000800
Support levels: $0.0000400, $0.0000300, $0.0000200

LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
As shown in the daily chart below, the price of Lucky Block which is currently building up bullish momentum and remains in an uptrend can be seen above the supply trend levels, indicating a bullish trend.
Lucky Block Price Prediction: LBLOCKUSD Builds Up Bullish Momentum at $0.0000579 Level
In the previous action, the price has been making both higher highs and higher lows, enabling the coin price to keep its bullish momentum in its recent high.

The Lucky Block price earlier today, gave a bullish impulse move from $0.0000444 to the $0.0000579 level above the moving average, which gave the coin the tendency to rise further.

Thus, a possible breakout from the current retracement at the $0.0000579 neckline will accelerate the bullish momentum and surpass the $0.0001069 previous swing high, indicating a stronger signal of recovery as it builds up the bullish momentum.

Additionally, buyers may continue to build up the bullish momentum as indicated by the daily
signal which is pointing up at around the level of 48%. It is therefore expected of the bulls to take us high and rally above the $0.0001200 resistance level and beyond in the days ahead in its long-term view.

LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The high inflows from the buy traders now made the LBLOCKUSD build up bullish momentum and trade strongly in the bullish trend zone in its medium-term outlook. The coin price now strongly trades above the EMA-50 with huge volumes from the bulls.
Lucky Block Price Prediction: LBLOCKUSD Builds Up Bullish Momentum at $0.0000579 Level
The sustained bullish pressure to a $0.0000457 high level in the previous action has led to the coin’s recent high.

The price action of the LBLOCKUSD market at a $0.0000501 high level which is above the EMA-50 as the 4-hour chart opens today indicates that the bulls are building bullish momentum which may present a favorable moment for investors to acquire more Lucky Block tokens. Therefore, buyers need to add more strength to their activities in the market to rally up to a significant level at the upside.

Additionally, with the coin price building bullish momentum and the daily stochastic indicating an uptrend, the LBLOCKUSD investors may swing high to a $0.0001200 upper high mark sooner in its medium-term outlook.

You can purchase Lucky Block here. Buy LBLOCK

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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