Lucky Block Price Prediction: LBLOCK/USD Gets Ready for a Bullish Breakout
Estimated Reading Time: 3 minutes
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The Lucky Block price prediction shows that LBLOCK will begin to form higher as the bears may lose grip over the coin.
LBLOCK/USD Medium-term Trend: Bearish (12H Chart)
Key Levels:
Resistance levels: $0.0016, $0.0018, $0.0020
Support levels: $0.0004, $0.0003, $0.0002
LBLOCK/USD is ranging as the market price prepares to cross above the upper boundary of the channel. Meanwhile, the bulls are gathering momentum to push the coin above the resistance level of $0.0010. However, should the bulls fail to push the price upward, the Lucky block price may consolidate for a while.
Lucky Block Price Prediction: LBLOCK/USD Will Move Higher
The Lucky Block price will break to the upside as soon as the bulls regroup and put more pressure on the market. However, any further bullish movement across the upper boundary of the channel may push the Lucky Block price to the resistance levels of $0.0016, $0.0018, and $0.0020.
In other words, this analysis may be incorrect if the bears bring the market price below the 9-day and 21-day moving averages, this may cause the coin to hit the supports at $0.0004, $0.0003, and $0.0002. Similarly, the technical indicator Relative Strength Index (14) is moving to cross above the 40-level to prepare the coin for the upside.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
On the 4-hour chart, the Lucky Block price is hovering below the 9-day and 21-day moving averages. The coin will cross above the moving averages as soon as the bulls step back into the market.
However, if the buyers push the price towards the channel, higher resistance could be located at $0.0011 and above. Meanwhile, the technical indicator Relative Strength Index (14) is moving to cross above 50-level, indicating that the coin will head to the north. Moreover, should the bulls fail to move the current market value above, the bears may step back into the market, and the nearest support level could be located at $0.0008 and below.
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