Lucky Block Price Prediction: LBLOCK/USD Could Move Sideways as Price Stays Around $0.000099
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Lucky Block Price Prediction – August 11
The Lucky Block price prediction remains below the moving averages as the coin waits for new buyers before heading to the upside.
LBLOCK/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000140, $0.000150, $0.000160
Support levels: $0.000060, $0.000050, $0.000040
LBLOCK/USD will begin to follow a bullish movement as the coin moves to cross above the 9-day and 21-day moving averages. The current movement is essential for the coin so that it can reach the resistance level of $000100 as new buyers are expected to enter the market. Meanwhile, if the sellers bring the market further lower toward the lower boundary of the channel, the support level of $0.000080 could be reached.
Lucky Block Price Prediction: LBLOCK Can Begin to Move Sideways
The Lucky Block price is hovering below the 9-day and 21-day moving averages. If the coin retreats and faces the south, it will be a good opportunity for the existing buyers to buy the dip while the new buyers could invest in the coin. Moreover, the technical indicator Relative Strength Index (14) is seen around the 40-level. Any bearish movement may locate the supports at $0.000110, $0.000090, and $0.000070.
Furthermore, if the buyers hold the current market value and push it to cross above the 9-day and 21-day moving averages, the bulls can break above the upper boundary of the channel, and any further bullish movement could hit the resistance levels at $0.000140, $0.000150, and $0.000160 respectively.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the Lucky Block (LBLOCK) ranges as the buyers are preparing to come into the market by crossing above the 9-day and 21-day moving averages. LBLOCK/USD is trading near the resistance level of $0.000092.
Moreover, the buyers are getting ready to spike above the moving averages, higher resistance could be located at $0.000110 and above, but any bearish movement could hit the support at $0.000080 and below as the technical indicator Relative Strength Index (14) faces the 50-level.
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