Lucky Block Price Prediction: LBLOCK/USD Gets Ready for A Retracement Above $0.000065
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Lucky Block Price Prediction – December 13
The Lucky Block price rebounds from the early dip at $0.000054 as the buying interest may increase on approach to $0.000150.
LBLOCK/USD Long-term Trend: Ranging (1D Chart)
Key levels:
Resistance Levels: $0.000100, $0.000120, $0.000130
Support Levels: $0.000015, $0.000014, $0.000012
LBLOCK/USD is ranging at the moment, the market could establish a cross above $0.000065 but it’s currently rebounding to retain the previous resistance at $0.000063. The buyers may begin to look for some resistance levels if the coin crosses above the 9-day moving average.
Lucky Block Price Prediction: LBLOCK Price May Reclaim $0.000063 Resistance
Looking at the daily chart, after the Lucky Block price touched the daily low of $0.000054, the coin could now face the resistance level of $0.000065 and look forward to reclaiming the resistance level of $0.000063. However, the daily chart reveals that if the 9-day moving average remains above the 21-day moving average, it will confirm the next direction of the coin.
At the time of writing, the technical indicators indicate a bullish movement in the market. Therefore, if the Lucky Block price breaks toward the upper boundary of the channel, it could hit the resistance levels of $0.000100, $0.000120, and $0.000130, but any bearish movement below the lower boundary of the channel could hit the supports at $0.000015, $0.000014, and $0.000012.
LBLOCK/USD Medium-Term Trend: Ranging (4H Chart)
According to the 4-hour chart, the Lucky Block price is seen moving sideways within the 9-day and 21-day moving averages. From above, if the Lucky Block price heads toward the upper boundary of the channel, the bullish influence could spike, and the accrued gains above the channel.
However, the current candle could fail to cross above the 21-day moving average, if the coin slides below the lower boundary of the channel, the ultimate target remains at $0.000090 and below but the best the bulls can do is to hold above the resistance level of $0.000060 and keep their attention on breaking the potential resistance at $0.000090 and above.
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