Lucky Block Price Prediction: LBLOCK/USD Continues to Move Higher; Price Touches $0.000290 Level
December 1, 2022
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Lucky Block Price Prediction – December 1
The Lucky Block price prediction is moving to cross above the upper boundary of the channel for confirmation of the bullish movement.
LBLOCK/USD Medium-term Trend: Bullish (4H Chart)
Resistance levels: $0.000350, $0.000355, $0.000360
Support levels: $0.000220, $0.000215, $0.000210
LBLOCK/USD is trading above the 9-day and 21-day moving averages as the coin moves to cross above the upper boundary of the channel. Looking at the daily chart, the Lucky Block price is maintaining an upward movement as traders anticipate the current price movement indicating the upcoming price rally in the market.
Lucky Block Price Prediction: LBLOCK/USD Heads to the Positive Side
As the Lucky Block price remains above the 9-day and 21-day moving averages, the coin will claim the resistance level of $0.000300 to hit the potential resistance levels of $0.000350, $0.000355, and $0.000360. Meanwhile, as the technical indicator Relative Strength Index (14) moves within the overbought region, the Lucky Block will continue to gain additional uptrends. But, if the bulls failed to push the coin to the north, the support levels of $0.000220, $0.000215, and $0.000210 may come into play.
LBLOCK/USD Medium-term Trend: Bearish (2H Chart)
The Lucky Block price is already hovering above the 9-day and 21-day moving averages, and the coin is heading toward the upper boundary of the channel. However, the technical indicator Relative Strength Index (14) remains above the 60-level as the existing buyers dominate the market.
Moreover, if the bulls push the market price above the upper boundary of the channel, the Lucky Block would hit the potential resistance level of $0.000340 and above. On the contrary, if the coin heads to the south and crosses below the moving averages, it can locate the support level at $0.000240 and below.
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