Lucky Block Price Prediction: LBLOCK/USD Could Break Above $0.000200 Level
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Lucky Block Price Prediction – May 9
The Lucky Block price prediction shows the LBLOCK could gain pace as soon as it clears the $0.000200 resistance zone.
LBLOCK/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000240, $0.000260, $0.000300
Support levels: $0.0000965, $0.0000945, $0.0000925
LBLOCK/USD is moving towards an upward formation after having a bullish session a few hours ago. The LBLOCK price is currently hovering within the 9-day and 21-day moving averages while the signal line of the technical indicator Relative Strength Index (14) moves below the 40-level.
Lucky Block Price Prediction: LBLOCK Bulls Could Trade to the North
The Lucky Block price is preparing for the bullish movement as the buyers regroup to increase the buying pressure. Meanwhile, if the coin maintains the bullish movement, it will head toward the upper boundary of the channel where it can hit the resistance levels of $0.000240, $0.000260, and $0.000280. On the downside, if the Lucky Block price drops below the lower boundary of the channel, it could reach the support levels at $0.0000965, $0.0000945, and $0.0000925.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
LBLOCK/USD is sliding below the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) moves below the 50-level. However, a possible bearish drop could surface and any further bearish movement below the lower boundary of the channel could bring the coin to the support level of $0.000140 and below.
However, if the bulls push the coin higher, the LBLOCK price can cross above the upper boundary of the channel. Once it crosses this barrier, the market price would hit the resistance level of $0.000180 and above. Moreover, the trading volume is coming up slowly and will begin to climb higher if the technical indicator moves to the positive side.
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