Lucky Block Price Prediction: LBLOCK/USD Could Target New Support; Time to Buy
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Lucky Block Price Prediction – October 26
The Lucky Block price will recover to the upside as the coin moves to cross above the moving averages to touch the nearest resistance level.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.00022, $0.00023, $0.00024
Support levels: $0.00020, $0.00019, $0.00018
LBLOCK/USD is ranging as the market price moves to cross above the 9-day and the 21-day moving averages. Meanwhile, the market is likely to become cheaper so that new buyers could enter the market. However, should the bulls fail to push the price upward, the Lucky block price may create an additional low before heading to the north.
Lucky Block Price Prediction: LBLOCK/USD Ready to Spike Higher
The Lucky Block price will soon break above the upper boundary of the channel as the market price touches the resistance level of $0.00021. However, any further bullish movement may push the coin to the resistance levels of $0.00022, $0.00023, and $0.00024.
Moreover, the upward movement may be delayed if the bears cross below the 9-day and 21-day moving averages where the coin could touch the support levels at $0.00020, $0.00019, and $0.00018. Meanwhile, the technical indicator Relative Strength Index (14) is moving above the 50-level preparing the market for the upward movement.
LBLOCK/USD Medium-term Trend: Ranging (2H Chart)
Looking at the 4-hour chart, the Lucky Block price would cross above the 9-day moving average to touch the major resistance level at $0.000213. However, if the buyers push the price above the upper boundary of the channel, higher resistance could be located at $0.00022 and above.
Nevertheless, the technical indicator Relative Strength Index (14) is moving in the same direction above the 50-level, suggesting that bullish signals are coming to play. Moreover, should the bulls fail to move the current market value above, bears can step back into the market, and the nearest support level could be found at $0.00020 and below.
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