Lucky Block Price Prediction: LBLOCK/USD Attempts an Upside Retracement
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Lucky Block Price Prediction – March 13
The Lucky Block price will recover to the upside as the coin heads toward the 9-day and 21-day moving averages.
LBLOCK/USD Medium-term Trend: Bearish (1D Chart)
Key Levels:
Resistance levels: $0.000180, $0.000200, $0.000220
Support levels: $0.000090, $0.000070, $0.000050
LBLOCK/USD is trading bullishly as the market price moves to cross above the 9-day moving average, aiming to retrace the lost resistance. Meanwhile, the market could slight a little if it crosses below the lower boundary of the channel so that new buyers could enter the market. However, if the bulls fail to keep the price above the moving averages, the Lucky block price may create an additional low.
Lucky Block Price Prediction: LBLOCK/USD Will Spike Higher
The Lucky Block price will begin to break higher as the coin prepares for a bullish movement that could hit the nearest resistance level of $0.000150. Meanwhile, any further bullish movement will locate the potential resistance levels at $0.000180, $0.000200, and $0.000220.
Nevertheless, the upward movement could be delayed if the sellers bring the market price below the lower boundary of the channel and it could touch the support levels at $0.000090, $0.000070, and $0.000050. However, the technical indicator Relative Strength Index (14) is moving to cross above the 40-level preparing the coin for upward movement.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
When compares to the 4-hour chart, the Lucky Block price keeps hovering above the 9-day and 21-day moving averages, as buyers move to push the coin above the upper boundary of the channel. However, once this comes into focus, a higher resistance level could be located at $0.000160 and above.
On the other hand, the technical indicator Relative Strength Index (14) is moving above the 50-level, indicating that bullish signals are coming to play. Therefore, should bulls fail to increase the current market value above, the bears could step into the market, and the nearest support level could be found at $0.000110 and below.
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