Lucky Block Price Prediction: LBLOCK/USD Keeps Hovering Around $0.000044 Level
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Lucky Block Price Prediction – January 13
The Lucky Block price prediction shows that LBLOCK indicates sideways movement as the coin fails to head toward the upside.
LBLOCK/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $0.000080, $0.000082, $0.000084
Support Levels: $0.000011, $0.000009, $0.000007
LBLOCK/USD is hovering at $0.000044 but the coin has not been able to reclaim the resistance level of $0.000050 above the 9-day and 21-day moving averages. At the moment, the Lucky Block price may begin to follow the sideways movement, but the daily chart shows that the formation of a bullish movement could play out.
Lucky Block Price Prediction: LBLOCK Price Could Consolidate to the Upside
As the Lucky Block price moves toward the east, it is likely to remain below the 9-day and 21-day moving averages if the bulls fail to push the coin to the upside. This could mean that the Lucky Block is not yet ready for the upside as the buyers gather momentum.
According to the chart, recovery may set in bit by bit as the bulls may bring LBLOCK/USD above the resistance level of $000050. However, a sustainable movement towards the north may reach the resistance level of $0.000060, which could allow for an extended recovery in the direction of the potential resistance levels at $0.000080, $0.000082, and $0.000084. On the downside, any bearish movement may cause the Lucky Block price to hit the supports at $0.000011, $0.000009, and $0.000007.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
Looking at the 4-hour chart, the Lucky Block price is hovering within the 9-day and 21-day moving averages. LBLOCK/USD may cross below the lower boundary of the channel if the bearish movement increases. However, should the price cross above the moving averages and head toward the upper boundary of the channel; it could locate the resistance level of $0.000053 and above.
Moreover, if the bearish movement increases, the support level of $0.000040 may not be able to hold the selling pressure. Therefore, LBLOCK/USD is likely to fall to $0.000037 and below if the price crosses the lower boundary of the channel. Nevertheless, the 9-day moving average remains below the 21-day moving average to confirm the bearish movement, so that buyers can buy the dips.
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