Lucky Block Price Prediction: LBLOCK/USD Could Retrace Above $0.000160
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Lucky Block Price Prediction – March 8
The Lucky Block price rebounds from the early dip at $0.000140 as the buying interest may increase on approach to $0.000150.
LBLOCK/USD Long-term Trend: Bearish (1D Chart)
Key levels:
Resistance Levels: $0.000200, $0.000220, $0.000240
Support Levels: $0.000100, $0.000080, $0.000060
LBLOCK/USD is ranging as the market establishes a cross above $0.000160 but currently rebounding to retain the previous resistance at $0.000150. 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 $0.000180 Resistance
After the Lucky Block price touches the daily low of $0.000140, the coin could now face the resistance level of $0.000160 and look forward to reclaiming the resistance level of $0.000180. 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.
At the time of writing, 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 crosses above the upper boundary of the channel, it could hit the resistance levels of $0.000200, $0.000220, and $0.000240, but any bearish movement toward the lower boundary of the channel could hit the supports at $0.000100, $0.000080, and $0.000060.
LBLOCK/USD Medium-Term Trend: Ranging (4H Chart)
Looking at the 4-hour chart, the Lucky Block price is seen heading toward the 9-day and 21-day moving averages as the technical indicator Relative Strength Index moves to cross above the 40-level. From above, if the Lucky Block price moves above the moving averages, the bullish influence could spike and accrue gains above the upper boundary of the channel.
However, the current candle could fail to cross above the moving averages, and the target support remains at $0.000130 and below but the best the bulls can do is to hold above the resistance level of $0.000140 and keep their attention on breaking the potential resistance at $0.000160 and above.
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