Lucky Block Price Prediction: LBLOCK/USD Extend Sideways Above $0.000041 Level
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Lucky Block Price Prediction – January 31
The Lucky Block price prediction shows that LBLOCK is in consolidation mode as the coin prepares for upward movement.
LBLOCK/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $0.000082, $0.000084, $0.000086
Support Levels: $0.000006, $0.000004, $0.000002
At the moment, LBLOCK/USD is yet to make a serious gain as the coin hovers at $0.000039. For now, the price is seriously struggling in consolidation mode on intraday trading, which has made the LBLOCK indecisive recently. But if the buyers can regroup and overcome the supply area, traders could see a decent bullish run in the market soon.
Lucky Block Price Prediction: What to Expect From LBLOCK
The Lucky Block price is currently trading at $0.000039 but technically supported by $0.000035 on short-term and $0.000037 support in the medium term. If the price of Lucky Block drops below these supports, traders should expect long-term support levels of $0.000006, $0.000004, and $0.000002 respectively.
However, if the buyers power the market, traders can expect a retest at the $0.000041 resistance level. Breaking the mentioned resistance may allow the bulls to test the potential resistance at $0.000082, $0.000084, and $0.000086 on the upside. However, as the coin moves in the same direction on the daily chart, the market price is currently consolidating and moving sideways on the long-term outlook.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
On the 4-hour chart, the Lucky Block price is still hovering around $0.000040 after crossing above the moving averages in the early hours of today. Looking at the hourly price chart, traders can see that the bearish may come into the market, but the bulls are also trying to defend the $0.000040 level. Meanwhile, the support level of $0.000035 and below may come into play if LBLOCK breaks the mentioned support.
However, if buyers can strengthen and energize the market, traders can expect a break above the upper boundary of the channel. However, breaking the mentioned resistance could also allow the bulls to test the $0.000045 and above. Meanwhile, LBLOCK/USD is consolidating and moving sideways on the medium-term outlook.
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