Lucky Block Price Prediction: LBLOCK/USD Could Face an Upside Retracement
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Lucky Block Price Prediction – April 13
The Lucky Block price will recover to the upside as the coin could attempt to cross above the 9-day and 21-day moving averages.
LBLOCK/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000270, $0.000290, $0.000310
Support levels: $0.000095, $0.000075, $0.000055
LBLOCK/USD is hovering within the 9-day and the 21-day moving averages, preparing to retrace the lost resistance. However, the coin may delay its movement above the moving averages so that new buyers could enter the market. If the bulls fail to push the price above the moving averages, the Lucky block price may create an additional low.
Lucky Block Price Prediction: LBLOCK/USD Will Spike Higher
The Lucky Block price will begin to break higher as the coin prepares for a bullish movement that could hit the nearest resistance level of $0.000200. However, any further bullish movement will locate the potential resistance levels at $0.000270, $0.000290, and $0.000310.
Meanwhile, the upward movement could be delayed if the sellers bring the market price toward the lower boundary of the channel and it could touch the support levels at $0.000095, $0.000075, and $0.000055. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross below the 50-level to prepare for the upward movement.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
According to the 4-hour chart, the Lucky Block price remains below the 9-day and 21-day moving averages, as buyers are expected in the market. However, once the coin heads to the upside, a higher resistance level could be located at $0.000220 and above.
Nevertheless, the technical indicator Relative Strength Index (14) is moving below the 50-level, suggesting that buyers are gaining momentum. Therefore, should bulls fail to push the current market value above, the bears could step back into the market, and the nearest support level could be found at $0.000150 and below.
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