Lucky Block Price Prediction: LBLOCK/USD Heads to the Upside; More Buyers Will Play Out
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Lucky Block Price Prediction – November 4
The Lucky Block price is recovering to the upside as the coin moves to cross above the upper boundary of the channel to touch the nearest resistance level.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.000230, $0.000235, $0.000240
Support levels: $0.000210, $0.000205, $0.000200
LBLOCK/USD is following the bullish movement as the crosses above the 9-day and the 21-day moving averages. Meanwhile, the market is likely to become cheaper so that new buyers could enter the market. More so, should the bulls fail to push the price to cross above the resistance level of $0.000220, 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 once again break above the upper boundary of the channel as the market price hits the resistance level of $0.00022. However, any further bullish movement may push the coin to the resistance levels of $0.000230, $0.000235, and $0.000240.
Moreover, the upward movement could be delayed if the bears head toward the lower boundary of the channel which could touch the support levels at $0.000210, $0.000205, and $0.000200. Meanwhile, the technical indicator Relative Strength Index (14) moves into the overbought region, preparing for more upward movements.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
When compares to the 2-hour chart, the Lucky Block price remains above the 9-day and 21-day moving averages to touch the major resistance level at $0.000220. However, if the buyers push the price towards the upper boundary of the channel, higher resistance could be located at $0.000230 and above.
In addition, 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 $0.000210 and below.
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