Lucky Block Price Prediction: LBLOCK/USD Could Retrace Above $0.000120
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Lucky Block Price Prediction – June 21
The Lucky Block price rebounds to touch the resistance level of $0.000120 as the buying interest may increase toward the upside.
LBLOCK/USD Long-term Trend: Bearish (1D Chart)
Key levels:
Resistance Levels: $0.000160, $0.000170, $0.000180
Support Levels: $0.000050, $0.000040, $0.000030
LBLOCK/USD is trading bullishly as the market could establish a cross above the upper boundary of the channel. However, buyers may begin to look for some resistance levels if the coin stays above the 9-day and 21-day moving averages.
Lucky Block Price Prediction: LBLOCK Price May Reclaim $0.000150 Resistance
The Lucky Block price begins the day with the opening price of $0.000090, after the Lucky Block price touches the daily low of $0.000078, the coin could now face the resistance level of $0.000130 and look forward to reclaiming the resistance level of $0.000150. However, the daily chart reveals that if the 9-day moving average crosses above the 21-day moving average, it will confirm the next direction of the coin.
Nevertheless, the technical indicator Relative Strength Index (14) crosses above the 50-level to increase the bullish movement. Therefore, if the Lucky Block price moves above the upper boundary of the channel, it could hit the resistance levels of $0.000160, $0.0003170, and $0.000180. On the contrary, any bearish movement toward 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 hovering above the 9-day and 21-day moving averages as the technical indicator Relative Strength Index moves within the overbought region. From above, if the Lucky Block price creates additional gain, the bullish influence could spike, and the coin could make a bullish cross above the upper boundary of the channel.
Meanwhile, the current candle fails to cross above the channel as the sellers step back into the market. Nevertheless, the ultimate target remains at $0.000090 and below but the best the bulls can do is to reclaim the resistance level of $0.000120 and keep their attention on breaking the potential resistance at $0.000140 and above.
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