Lucky Block Price Prediction: LBLOCK/USD Gains 6.61% as Price Spikes to the North
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Lucky Block Price Prediction – May 12
The Lucky Block price is heading to the upside as the coin moves to cross above the 9-day moving average to touch the nearest resistance level.
LBLOCK/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000250, $0.000270, $0.000290
Support levels: $0.000058, $0.000056, $0.000054
LBLOCK/USD is following the bullish movement as the coin moves to cross above the 9-day moving average. Meanwhile, the market could spike above the 21-day moving average as soon as buyers enter the market. Moreover, should the bulls fail to push the price to the upside; the Lucky Block price may retreat again before heading to the north.
Lucky Block Price Prediction: LBLOCK/USD Ready to Spike Higher
The Lucky Block price will break toward the upper boundary of the channel so that the market price can hit the resistance level of $0.000200. However, any further bullish movement may push the coin to the resistance levels of $0.000250, $0.00027, and $0.000290.
Moreover, the upward movement could be delayed if the bears step into the market and could touch the support levels at $0.000058, $0.000056, and $0.000054. Meanwhile, the technical indicator Relative Strength Index (14) moves to cross above the 40-level, preparing for an upward movement.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
When compares to the 4-hour chart, the Lucky Block price remains within the 9-day and 21-day moving averages to touch the major resistance level at $0.000180. However, if the buyers push the price above the upper boundary of the channel, higher resistance could be located at $0.000200 and above.
In addition, the technical indicator Relative Strength Index (14) is above the 40-level, which indicates that bullish signals are coming to play. Moreover, should bulls fail to move the current market value above, the bears may step back into the market, and the nearest support level could be found at $0.000100 and below.
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