Lucky Block (LBLOCK/USD) Market Heads Into the Premium Zone
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Lucky Block Price Prediction – May 13
The LBLOCK/USD market heads into the premium zone. The upward expansion began after the price hit the major support of $0.0000290. Until the major trendline is hit, the upward expansion is likely to continue.
Historically, the $0.0000290 support has proven difficult to break through. Owing to this buying pressure at the $0.0000290 price level, the market bounced upward, heading toward the major trendline. According to the MA Cross, the upward rally has begun. The MACD (Moving Average Convergence Divergence) also reveals that the bulls are currently storming the market, as MACD crossed the zero line to the upside.
LBLOCK/USD Market Key Levels:
Resistance levels: $0.00004500, $0.00007500, $0.00009700
Support levels: $0.00000290, $0.00000930, $0.00000120
LBLOCK/USD – Daily Chart
The LBLOCK/USD daily chart showcases that the market is heading into the premium zone.
In September 2023, the market was in a strong bearish trend. The bearish trend, however, ended as LBLOCK hit notable support at $0.00000290.
For a long time, the price kept consolidating around the $0.00000290 support. On December 6, 2023, a massive breakout to the upside eventually surfaced.
When will the LBLOCKUSD market likely resume its bearish trend?
The emerging rally as a result of the buying pressure from the $0.00000290 support only lasted for one week. From the $0.00009700 resistance, the price faced the downside.
The downward crash brought about a market structure shift, technically changing the market’s environment from a bullish trend to a bearish trend. Until the premium zone is reached, the bears may not return completely to the market.
LBLOCK/USD – Four-Hour Chart
A bullish expansion is also in view on the four-hour chart. The market’s trading range currently lies between the $0.00007500 resistance and the $0.00000290 support.
Following the sell-side liquidity grab below the double bottoms at $0.00002920, a bullish expansion is expected. However, the bullish expansion is likely to end when LBLOCKUSD reaches the premium zone.
Lucky Block (LBLOCK) Current Statistics
The current price: $0.00003080
Market Capitalization: $2,330,000
Trading Volume:$15,070
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