Lucky Block Price Prediction: LBLOCK/USD Could Retrace Above $0.000120
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Lucky Block Price Prediction – June 30
The Lucky Block price rebounds from the early dip at $0.000103 as the buying interest may increase on approach to $0.000220.
LBLOCK/USD Long-term Trend: Bearish (1D Chart)
Key levels:
Resistance Levels: $0.000190, $0.000200, $0.000210
Support Levels: $0.000040, $0.000030, $0.000020
LBLOCK/USD is moving bearishly as the market establishes a cross above $0.000120 but currently rebounding to retain the previous resistance at $0.000116. The buyers may begin to look for some resistance levels if the coin crosses above the upper boundary of the channel.
Lucky Block Price Prediction: LBLOCK Price May Reclaim $0.000120 Resistance
After the Lucky Block price touches the daily low of $0.000103, the coin could now face the resistance level of $0.000115 and look forward to reclaiming the resistance level of $0.000120. However, the daily chart reveals that if the 9-day moving average remains above the 21-day moving average, it will confirm the next direction of the coin.
At the time of writing, the technical indicator Relative Strength Index (14) is crossing above the 50-level to indicate a bullish movement. Therefore, if the Lucky Block price moves above the upper boundary of the channel, it could hit the resistance levels of $0.000190, $0.000200, and $0.000210, but any bearish movement toward the lower boundary of the channel could hit the supports at $0.000040, $0.000030, and $0.000020.
LBLOCK/USD Medium-Term Trend: Ranging (4H Chart)
According to the 4-hour chart, the Lucky Block price is seen crossing above the 9-day and 21-day moving averages as the technical indicator Relative Strength Index moves above the 50-level. From above, if the Lucky Block price stays above the moving averages, the bullish influence could spike, and the accrued gains above the upper boundary of the channel.
However, the current candle could fail to cross above the moving averages, and the ultimate target remains at $0.000075 and below but the bulls may need to keep the price above the resistance level of $0.000100 and keep their attention on breaking the potential resistance at $0.000140 and above.
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