Lucky Block Price Prediction: LBLOCK/USD Awaits a Breakout above $0.00600 Level
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The daily chart reveals that as soon as the bulls increase their momentum, the Lucky Block price prediction could rise above the moving averages.
LBLOCK/USD Medium-term Trend: Bearish (30 Minutes Chart)
Key Levels:
Resistance levels: $0.00700, $0.00750, $0.00800
Support levels: $0.00450, $0.00400, $0.00350
LBLOCK/USD is trading above the 9-day moving average as the coin heads to the upside. As revealed by the chart, the closest support is at $0.00500, with a resistance close to $0.00650. As soon as the market increases, additional resistance would cross above the 9-day and 21-day moving averages, but below the 9-day MA, traders can expect the support of around $0.00550.
Lucky Block Price Prediction: LBLOCK/USD Gradually Ready for a Bullish Breakout
The Lucky Block price is hovering within the 9-day and 21-day moving averages. According to the 30-minute chart, it is obvious that the market would rise after the current sideways movement, which is noticeable for the technical indicator Relative Strength Index (14), so the new buyers are expected to come into the market for a maximum take. Since a few days ago, LBLOCK/USD has been moving in the same direction as the market ranges.
Now, the coin is trading around $0.00577 by not dropping below the 9-day moving average. However, if the Lucky Block retreats a little bit, it is likely for the coin to touch the support level of $0.0450, $0.00400, and $0.00350 to allow more buyers to buy the dip, but the traders should expect a bullish spike towards the resistance levels of $0.00700, $0.0750, and $0.00500 as the RSI (14) moves to cross above 45-level.
LBLOCK/USD Medium-term Trend: Bearish (15 Minutes Chart)
On the 15-minute chart, the support level of this range is built around $0.00500. The resistance is set at $0.00600 because the market price is still changing under the 9-day and 21-day moving averages which could touch the support level of $0.00500 and below. Meanwhile, the price is expected to follow a downtrend as the technical indicator Relative Strength Index (14) heads to the south.
However, immediately the signal line moves above 50-level, LBLOCK/USD would begin an upward movement. Therefore, any bullish cross above the upper boundary of the channel would hit the resistance level of $0.00650 and above.
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