Lucky Block Price Prediction: LBLOCK/USD Keeps Hovering Around $0.000101 Level
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Lucky Block Price Prediction – August 3
According to the daily chart, the Lucky Block price reveals sideways movement as the coin aims to cross above the channel.
LBLOCK/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $0.000140, $0.000150, $0.000160
Support Levels: $0.000065, $0.000055, $0.000045
At the time of writing, LBLOCK/USD is hovering at $0.000101 as the coin moves to reclaim the resistance level of $0.000110. However, the Lucky Block price may begin to follow the bullish movement as the daily chart shows that the formation of a bullish movement could play out.
Lucky Block Price Prediction: LBLOCK Price Could Spike to the Upside
As the Lucky Block price moves toward the east, it is likely to cross above the upper boundary of the channel as the technical indicator Relative Strength Index (14) moves around the 50-level. This could mean that the Lucky Block is ready for the upside as the buyers gather momentum.
From above, recovery may set in bit by bit as the bulls may bring LBLOCK/USD above the resistance level of $000110. However, a sustainable movement toward the north may reach the resistance level of $0.000120, which could allow for an extended recovery in the direction of the potential resistance levels at $0.000140, $0.000150, and $0.000160. On the downside, any bearish movement may cause the Lucky Block price to hit the supports at $0.000065, $0.000055, and $0.000045.
LBLOCK/USD Medium-Term Trend: Ranging (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 head toward the upper boundary of the channel; it could locate the resistance level of $0.000110 and above.
Moreover, if the bearish movement increases, the support level of $0.000105 may not be able to hold the selling pressure. Therefore, LBLOCK/USD is likely to fall to $0.000093 and below if the price crosses the lower boundary of the channel. Nevertheless, the technical indicator Relative Strength Index (14) is moving to cross below the 50-level to confirm the bearish movement for buyers to buy the dips.
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