Lucky Block Price Prediction: LBLOCK/USD Faces $0.000110 Level
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Lucky Block Price Prediction – May 19
The Lucky Block price prediction shows that LBLOCK may continue to move sideways under the moving averages before shooting to the upside.
LBLOCK/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000200, $0.000220, $0.000240
Support levels: $0.000025, $0.000020, $0.000015
LBLOCK/USD is ranging below the 9-day and 21-day moving averages. The lucky Block price is therefore getting ready to shoot to the upside, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market.
Lucky Block Price Prediction: LBLOCK/USD Will Go Bullish
According to the daily chart, the next step for the Lucky Block price is to reclaim back the resistance level of $0.000110; once this is done, bulls will cross above the moving averages to face the resistance levels of $0.000200, $0.000220, and $0.000240. However, as the technical indicator, Relative Strength Index (14) moves to cross above the 30-level, meanwhile, if the coin retreats a little bit to the south, the support levels of $0.000025, $0.000020, and $0.000015 may be visited and it could be the best opportunity for the new investors to come into the market.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
The Lucky Block is likely to cross above the 9-day and 21-day moving averages, and it could head toward the upper boundary of the channel. The technical indicator Relative Strength Index (14) is moving below the 40-level before heading to the north.
However, if the bulls push the price above the moving averages, the Lucky Block would rise to the resistance level of $0.000140 and above but this might not come to play if the 9-day MA remains below the 21-day MA. However, this is giving more buyers the opportunity to come into the market by bringing the price toward the lower boundary of the channel, and staying there may cause the coin to reach the support level of $0.000075 and below.
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