Lucky Block Price Prediction: LBLOCK/USD Hovers Around $0.0020 Level
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Free Crypto Signals Channel
Free Telegram Channel
The Lucky Block price prediction consolidates around $0.0020 as buying pressure is ready to push the market back above the moving averages.
LBLOCK/USD Long-term Trend: Bearish (12H Chart)
Key Levels:
Resistance levels: $0.0030, $0.0035, $0.0040
Support levels: $0.0010, $0.0008, $0.0005
LBLOCK/USD consolidates around $0.0020 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 couple of days. Meanwhile, buyers are expected to invest more as a bullish movement is expected in the market soon.
Lucky Block Price Prediction: LBLOCK/USD Bulls Would Push to 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 may likely become severe with more downs for the new buyers to enter. However, the next level of support lies at $0.0010, $0.0008, and $0.0005.
Looking at the 12-hour chart, the Lucky Block price would move bullishly as the technical indicator Relative Strength Index (14) will rebound and head to the north. Therefore, the potential resistance levels at $0.0030, $0.0035, and $0.0040 will come to play as the bulls push the coin back to the upside.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
Looking at the 4-hour chart, the Lucky Block price is moving to cross above the 9-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 which could touch the resistance level at $0.0025 and above.
Meanwhile, LBLOCK/USD would cross above the moving averages if the bulls put more pressure. On the contrary, the Lucky Block price may retreat and cross below the lower boundary of the channel to hit the support at $0.0015 and below for more buyers to come into the market. However, the technical indicator Relative Strength Index (14) moves around the 30-level, getting ready for a movement to the positive side.
Read more:
