Lucky Block Price Prediction: LBLOCK/USD Becomes Very Cheap; Time to Invest More
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The Lucky Block price prediction drops below the 9-day and 21-day moving averages; the price becomes cheaper for new buyers.
LBLOCK/USD Medium-term Trend: Bearish (12H Chart)
Key Levels:
Resistance levels: $0.00075, $0.00080, $0.00085
Support levels: $0.00030, $0.00025, $0.00020
LBLOCK/USD is preparing for the next bullish movement as the coin slides below $0.0010. This is necessary for the coin to reach higher resistance levels and for the existing buyers to buy the dip while the new buyers are encouraged to invest in the coin. However, if the sellers push the market further lower, bears can expect immediate support to be located below the lower boundary of the channel.
Lucky Block Price Prediction: LBLOCK/USD Ready for a Retracement
At the time of writing, the Lucky Block price consolidates below the 9-day and 21-day moving averages, this would be a good opportunity for the existing buyers to buy the dip should the coin falls more. Moreover, the technical indicator Relative Strength Index (14) remains below the oversold region. Beneath this, further supports could be found at $0.00030, $0.00025, and $0.00020.
Quite the reverse, if the buyers hold the current market value and push the coin to the upside, the bulls can expect to cross above the 9-day and 21-day moving averages, any further bullish movement towards the upper boundary of the channel will hit the resistance levels of $0.00075, $0.00080, and $0.00085.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the Lucky Block (LBLOCK) goes cheaper below the 9-day and 21-day moving averages as the coin prepares for the upside as the present movement allows the new and existing buyers to invest more.
From above, buyers will gain momentum as they are ready to spike above the moving averages, higher resistance could be located above the upper boundary of the channel at $0.0006 and above. Therefore, any bearish movement towards the channel could hit the support level at $0.0003 and below while the technical indicator Relative Strength Index (14) remains within the oversold region.
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