Lucky Block Price Prediction: LBLOCK/USD Hovers Around $0.0009 Level
Estimated Reading Time: 3 minutes
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The Lucky Block price prediction consolidates around $0.00096 as the buying pressure is ready to push the market to the upside.
LBLOCK/USD Long-term Trend: Ranging (12H Chart)
Key Levels:
Resistance levels: $0.0013, $0.0015, $0.0017
Support levels: $0.0007, $0.0005, $0.0003
LBLOCK/USD is consolidating around $0.0009 as the coin moves to cross to the upside. According to the chart, the current movement is suggesting a growth momentum in the next positive direction. Meanwhile, buyers are expected to invest more as a bullish movement is expected in the market soon.
Lucky Block Price Prediction: LBLOCK/USD Could Retreat to Break More Upsides
The Lucky Block price will begin to experience an increasing volume and a bullish regroup in the positive direction. However, should the coin delay its bullish movement, the bears could become severe with more downs for the new investors to enter. However, the following support levels would be located at $0.0007, $0.0005, and $0.0003.
Nevertheless, the Lucky Block price will soon begin to move bullishly as the technical indicator Relative Strength Index (14) is ready to spike above the 60-level. Meanwhile, the potential resistance levels at $0.0013, $0.0015, and $0.0017 will come to play as soon as the bulls push the coin to the upside.
LBLOCK/USD Medium-term Trend: Bullish (4H Chart)
Looking at the 4-hour chart, the Lucky Block price is moving below the 9-day and 21-day moving averages as the coin prepares for a bullish movement. Therefore, should the price break above the moving averages, the market may experience an upward trend which could touch the resistance level at $0.0011 and above.
On the contrary, the Lucky Block price may retreat and head toward the lower boundary of the channel to hit the support at $0.0009 and below for more buyers to come into the market. However, the technical indicator Relative Strength Index (14) is likely to cross above 50-level, getting ready for a movement to the positive side.
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