Lucky Block Price Prediction: LBLOCK/USD Could Retrace Above $0.000220
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Lucky Block Price Prediction – January 5
The Lucky Block price rebounds from the early dip at $0.000211 as the buying interest may increase on approach to $0.000220.
LBLOCK/USD Long-term Trend: Bearish (4H Chart)
Key levels:
Resistance Levels: $0.000260, $0.000280, $0.000300
Support Levels: $0.000180, $0.000160, $0.000140
LBLOCK/USD is ranging as the market establishes a cross above $0.000220 but currently rebounding to retain the previous resistance at $0.000212. 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 $0.000211, the king coin could now face the resistance level of $0.000215 and look forward to reclaiming the resistance level of $0.000220. 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 40-level to indicate a bullish movement. Therefore, if the Lucky Block price moves above the 9-day and 21-day moving averages, it could hit the resistance levels of $0.000260, $0.000280, and $0.000300, but any bearish movement toward the lower boundary of the channel could hit the supports at $0.000180, $0.000160, and $0.000140.
LBLOCK/USD Medium-Term Trend: Ranging (2H Chart)
According to the 2-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 40-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 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 $0.000180 and below but the best the bulls can do is to hold above the resistance level of $0.000230 and keep their attention on breaking the potential resistance at $0.000250 and above.
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