Lucky Block Price Prediction: LBLOCK/USD Hovers Around $0.0010 Level
May 13, 2022
#LBLOCK#LBLOCKUSD#Lucky Block#Technical Analysis
Lucky Block Price Prediction – May 13
The Lucky Block price prediction consolidates around $0.0010 as the buying pressure is ready to push the market upward.
LBLOCK/USD Long-term Trend: Bearish (12H Chart)
Resistance levels: $0.0017, $0.0019, $0.0021
Support levels: $0.0005, $0.0003, $0.0001
LBLOCK/USD consolidates around $0.0010 as the coin is ready to move to the upside by crossing above the 9-day and 21-day moving averages. However, the current trend suggests 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 Bulls Ready for The Upside
The Lucky Block price would 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 become severe with more downs for the new investors to enter. However, the next levels of support could lie at $0.0005, $0.0003, and $0.0001.
According to a 12-hour chart, the Lucky Block price would move bullishly as the technical indicator Relative Strength Index (14) moves to cross above the 40-level. Meanwhile, the potential resistance levels at $0.0005, $0.0003, and $0.0001 will come to play as the bulls push the coin back to the upside.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
The 4-hour chart revealed that the Lucky Block price is moving around the 21-day moving average as the coin gets ready for the bullish movement. Therefore, should the price break towards the upper boundary of the channel, the market may experience an upward trend and could touch the resistance level at $0.0014 and above.
However, LBLOCK/USD would cross above the upper boundary of the channel if the bulls put more pressure. On the contrary, the Lucky Block price may retreat and cross below the 9-day moving average to hit the support at $0.0008 and below for more buyers to come into the market. However, the technical indicator Relative Strength Index (14) moves around 50-level, getting ready for a movement to the positive side.
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