Lucky Block Price Prediction: LBLOCK/USD Heads to the Upside; More Buyers Will Play Out
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Lucky Block Price Prediction – January 16
The Lucky Block price is recovering to the upside, the coin will cross above the 9-day and 21-day moving average to touch the nearest resistance level.
LBLOCK/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000270, $0.000290, $0.000310
Support levels: $0.000100, $0.000080, $0.000060
LBLOCK/USD is following the bullish movement as the coin moves toward the 9-day moving average. The market price is likely to retreat a little so that new buyers can come to focus. However, should the bulls fail to push the price to cross above the moving averages, 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 above the 9-day and 21-day moving averages if the buyers increase the buying pressure. However, any further bullish movement toward the upper boundary of the channel could reach the resistance levels of $0.000270, $0.000290, and $0.000310 respectively.
Nevertheless, the upward movement could be hindered if the bears resume the market and head toward the lower boundary of the channel which could touch the support levels at $0.000100, $0.000080, and $0.000060. Meanwhile, the technical indicator Relative Strength Index (14) is crossing above the 40-level, preparing the coin for bullish movements.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
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 $0.000177. However, if the buyers push the price towards the upper boundary of the channel, higher resistance could be found at $0.000200 and above.
Nonetheless, the technical indicator Relative Strength Index (14) is moving to cross above the 60-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 $0.000150 and below.
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