Lucky Block Price Prediction: LBLOCK/USD Keeps Moving Around $0.0008 Level
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The Lucky Block price prediction consolidates around $0.0042 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: $0.0012, $0.0014, $0.0016
Support levels: $0.0006, $0.0004, $0.0002
LBLOCK/USD moves to the north as the coin prepares to recover above the 9-day and 21-day moving averages. However, the current trend suggests a growth momentum in the coming days, and the buyers are implored to invest more. Meanwhile, the Lucky Block price is hovering at $0.0008 as a bullish movement is expected in the market soon.
Lucky Block Price Prediction: LBLOCK Would Move to the Upside
The Lucky Block price will experience an increasing volume coupled with a bullish regroup, LBLOCK/USD would begin to correct gain significantly on the upside as shown on the 12-hour chart. If the coin remains below the moving averages, the bear may likely become severe with more downs for the new buyers to enter. However, the next level of support lies at $0.0006, $0.0004, and $0.0002.
Looking at the chart, the Lucky Block price would begin the bullish movement as the coin prepares to hit the potential resistance levels at $0.0012, $0.0014, and $0.0016. The technical indicator Relative Strength index (14) prepares to leave the oversold region to give more positive signals in the nearest term.
LBLOCK/USD Medium-term Trend: Bullish (4H Chart)
Looking at the 4-hour chart, the Lucky Block price is hovering within the 9-day and 21-day moving averages, but the coin is getting ready for the upward movement. Therefore, should the price break towards the upper boundary of the channel, the market will experience an upward trend which could touch the resistance level at $0.0009 and above.
Meanwhile, LBLOCK/USD would cross above the 21-day moving average but on the contrary, it may likely cross below the lower boundary of the channel to hit support at $0.00073 and below. However, the technical indicator Relative Strength Index (14) remains below 40-level, which will gradually move to the positive side.
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