Lucky Block Price Prediction: LBLOCK/USD Could Retrace Above $0.000220
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Lucky Block Price Prediction – February 8
The Lucky Block price rebounds from the early dip at $0.000168 as the buying interest may increase on approach to $0.000200.
LBLOCK/USD Long-term Trend: Ranging (1D Chart)
Key levels:
Resistance Levels: $0.000290, $0.000310, $0.000330
Support Levels: $0.000100, $0.000080, $0.000060
LBLOCK/USD is ranging as the market could establish a cross above $0.000200 but currently rebounding to retain the previous resistance at $0.000200. 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 $0.000220 Resistance
In the past few hours, after the Lucky Block price touches the daily low of $0.000168, the king coin could now face the resistance level of $0.000200 and look forward to reclaiming the resistance level of $0.000220. 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 $0.000290, $0.000310, and $0.000330, but any bearish movement below 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)
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 $0.000140 and below but the best the bulls can do is to hold above the resistance level of $0.000200 and keep their attention on breaking the potential resistance at $0.000210 and above.
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