Lucky Block Price Prediction: LBLOCK/USD Could Hit New Support at $0.000145
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Lucky Block Price Prediction – February 25
The Lucky Block price could hit new support below $0.000150, but the coin will recover to the upside to touch the nearest resistance level.
LBLOCK/USD Medium-term Trend: Bearish (1D Chart)
Key Levels:
Resistance levels: $0.000220, $0.000240, $0.000260
Support levels: $0.000100, $0.000080, $0.000060
At the time of writing, LBLOCK/USD is heading toward the south as the market price keeps sliding the 9-day and the 21-day moving averages for buyers to buy the dips. Moreover, the market is likely to become cheaper so that new buyers could come into the market. Meanwhile, should bulls fail to push the price upward, the Lucky block price may create an additional low before facing the north.
Lucky Block Price Prediction: LBLOCK/USD May Move Sideways
If the bulls step into the market and push the coin to the upside, the Lucky Block price could break above the upper boundary of the channel which could touch the nearest resistance level of $0.000180. However, any further bullish movement could hit the resistance levels of $0.000220, $0.000240, and $0.000260.
Moreover, the upward movement may be delayed if the bears keep the coin below 9-day and 21-day moving averages where it can touch the support levels at $0.000100, $0.000080, and $0.000060. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross below the 40-level preparing the market for the upward movement.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Looking at the 4-hour chart, the Lucky Block price will consolidate below the 9-day and 21-day moving averages before touching the resistance level at $0.000160. Therefore, if the buyers push the price above the upper boundary of the channel, higher resistance could be located at $0.000165 and above.
Nevertheless, the technical indicator Relative Strength Index (14) is moving in the same direction around the 40-level, suggesting that bullish signals could come to play. Moreover, should the bulls fail to move the current market value above, bears can gain additional support as the nearest support level could be found at $0.000140 and below.
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