Lucky Block Price Prediction: LBLOCK/USD Could Retrace Above $0.000120
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Lucky Block Price Prediction – July 23
The Lucky Block price rebounds from the early dip at $0.000098 as the buying interest may increase on the approach toward the channel.
LBLOCK/USD Long-term Trend: Ranging (1D Chart)
Key levels:
Resistance Levels: $0.000162, $0.000172, $0.000182
Support Levels: $0.000050, $0.000040, $0.000030
LBLOCK/USD is ranging as the market moves to establish a cross above $0.000110 but currently rebounding to retain the previous resistance at $0.000108. The buyers may begin to look for some resistance levels if the coin crosses above the 9-day and 21-day moving averages.
Lucky Block Price Prediction: LBLOCK Price May Reclaim $0.000120 Resistance
The Lucky Block price has been moving sideways and looking 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 moment, the technical indicator Relative Strength Index (14) may likely cross above the 50-level to indicate a bullish movement. Therefore, if the Lucky Block price moves above the 9-day moving average, it could hit the resistance levels of $0.000162, $0.000172, and $0.000182, but any bearish movement below the lower boundary of the channel could hit the supports at $0.000050, $0.000040, and $0.000030.
LBLOCK/USD Medium-Term Trend: Ranging (4H Chart)
According to the 4-hour chart, the Lucky Block price is seen sliding below the 9-day and 21-day moving averages as the technical indicator Relative Strength Index moves below the 50-level. From above, if the Lucky Block price moves above the 9-day and 21-day moving averages, the bullish influence could spike, and the accrued gains toward the upper boundary of the channel.
However, the current candle could fail to cross above the moving averages, and the ultimate target remains at $0.000080 and below but the best the bulls can do is to hold above the resistance level of $0.00101 and keep their attention on breaking the potential resistance at $0.000120 and above.
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