Lucky Block Price Prediction: LBLOCK/USD Hovers Around $0.000205 Level
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Lucky Block Price Prediction – January 11
The Lucky Block price prediction consolidates around $0.000205 as the buying pressure is ready to push the market to the north.
LBLOCK/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000300, $0.000310, $0.000320
Support levels: $0.000140, $0.000130, $0.000120
LBLOCK/USD is ranging to push the price above the 9-day moving average. According to the chart, the current movement is suggesting a growth momentum in the next positive direction, and buyers are expected to invest more as a bullish movement is expected in the market soon.
Lucky Block Price Prediction: LBLOCK/USD May Retreat to Break More Upsides
The Lucky Block price will begin to experience an increasing volume coupled with a bullish regroup in the positive direction. However, should the coin delay its bullish movement, the bears could step into the market with more downs so that new investors can enter. Meanwhile, if the selling pressure increases, it could reach the support levels at $0.000140, $0.000130, and $0.000120.
Looking at the daily chart, the Lucky Block price will begin to move bullishly as the technical indicator Relative Strength Index (14) remains above the 50-level. Meanwhile, any bullish movement to the north could hit the potential resistance levels at $0.000300, $0.000310, and $0.000320.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
According to the 4-hour chart, the Lucky Block price is hovering below the 9-day and 21-day moving averages as the coin prepares for the bullish movement. However, should the price break above the moving averages to face the upper boundary of the channel, the market may experience an upward trend which could touch the resistance level at $0.000220 and above.
Meanwhile, if the Lucky Block price retreats and crosses below the lower boundary of the channel, the market price could hit the support at $0.000190 and below, so that more buyers can come into the market. However, the technical indicator Relative Strength Index (14) is moving in the same direction above the 40-level, getting ready for a movement to the positive side.
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