Lucky Block Price Prediction: LBLOCK/USD Becomes Cheaper; A Time to Buy
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Lucky Block Price Prediction – September 18
The Lucky Block price prediction shows that LBLOCK is becoming cheaper as the coin trades below the 9-day and 21-day moving averages.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.0008, $0.0009, $0.0010
Support levels: $0.0004, $0.0003, $0.0002
LBLOCK/USD is trading below the 9-day and 21-day moving averages as the market price prepares for the north. The bullish momentum is gathering within the channel in order to reach the nearest resistance level at $0.0007. Nevertheless, should the bulls fail to push the price to the upside, the Lucky Block price may create more downtrends, allowing new investors to enter the market.
Lucky Block Price Prediction: LBLOCK/USD Would Make Upward Corrections
The Lucky Block price will rise and break above the 9-day moving average as soon as the bulls resume back into the market. Therefore, any further bullish movement towards the upper boundary of the channel will push the price to the potential resistance levels of $0.0008, $0.0010, and $0.0012.
On the contrary, any bearish movement towards the lower boundary of the channel could hit the low of $0.0004, $0.0003, and $0.0002 support levels. Meanwhile, the technical indicator Relative Strength Index (14) keeps moving within the oversold region to allow the existing buyers to buy the dips and the new buyers to come into the market.
LBLOCK/USD Medium-term Trend: Ranging (1H Chart)
Against Bitcoin, the Lucky Block price is hovering below the 9-day and 21-day moving averages but the current bullish movement could head towards the resistance level of $0.0006 and above.
However, if the sellers bring the price below the lower boundary of the channel as the technical indicator Relative Strength Index (14) stays within the oversold region, the coin will become cheaper for the new buyers to enter the market as the nearest support level could be located at $0.0005 and below.
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