Lucky Block Price Prediction: LBLOCK/USD Gets Ready for the Retracement Above $0.000150 Level
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Lucky Block Price Prediction – May 17
The Lucky Block price prediction breaks above the resistance level of $ 0.000146 as the coin prepares for a retracement.
LBLOCK/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000220, $0.000230, $0.000240
Support levels: $0.000045, $0.000035, $0.000025
LBLOCK/USD is preparing to move higher as the coin pulls back below $0.000150. This upward movement is necessary for the entry of new investors into the market. Therefore, if the sellers bring the market price lower, the bears can look for immediate support around the $0.000100 level.
Lucky Block Price Prediction: LBLOCK/USD Gets Ready for a Rebound
The Lucky Block price is likely to cross above the 9-day and 21-day moving averages; the coin is preparing for a bullish movement, and this could be a good opportunity for the existing buyers to reinvest. Meanwhile, the Relative Strength Index (14) technical indicator is moving below the 40-level, any bearish movement below the lower boundary of the channel could hit the supports at $0.000045, $0.000035, and $0.000025.
On the contrary, should the buyers hold the current market at $0.000128 and could push it toward the upper boundary of the channel; the bulls can hit the potential resistance levels at $0.000220, $0.000230, and $0.0000240.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
On the 4-hour chart, the Lucky Block (LBLOCK) is moving bearishly as the buyers are coming into the market, and this could push the coin to cross above the upper boundary of the channel.
Looking at the market, the buyers are making an effort to push the coin to the upside, once this is done, the coin could hit the resistance level at $0.000160 and above, but any further bearish movement could touch the support at $0.000100 and below as the technical indicator Relative Strength Index (14) moves in the same direction within the 40-level.
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