Lucky Block Price Prediction: LBLOCK/USD Keeps Moving Around $0.0010
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The Lucky Block price prediction will begin to form higher as the coin prepares for a spike above the 9-day moving average.
LBLOCK/USD Medium-term Trend: Ranging (12H Chart)
Key Levels:
Resistance levels: $0.0013, $0.0015, $0.0017
Support levels: $0.0009, $0.0007, $0.0005
At the time of writing, LBLOCK/USD is hovering within the 9-day and 21-day moving averages as the coin keeps moving around the $0.0010 level while the incoming bullish pressure will break up the resistance level of the $0.0012 level. However, should the bulls delay their upward movement, the Lucky block price may consolidate for more buyers to buy the dip.
Lucky Block Price Prediction: LBLOCK/USD Could Consolidate before Breaking Higher
If the Lucky Block price retreats below the support level of $0.0010, it would rise and break towards the upper boundary of the channel. However, any further bullish movement could push the price to the potential resistance levels of $0.0013, $0.0015, and $0.0017.
On the other hand, if the bears break below the 21-day moving average and head towards the lower boundary of the channel, the Lucky Block price could hit the support levels of $0.0009, $0.0007, and $0.0005. Meanwhile, the technical indicator Relative Strength Index (14) is moving below 60-level to prepare the coin for the bullish movement.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
According to the 4-hour chart, the Lucky Block price is hovering below the 9-day and 21-day moving averages as the bulls are seen gathering momentum in other to push the coin to the upside. Therefore, the new investors are expected to take the advantage of this by coming into the market or reinvesting.
However, if the buyers push the price and move towards the upper boundary of the channel, higher resistance could be reached at $0.0012 and above, while the technical indicator Relative Strength Index (14) moves around the 50-level. On the contrary, if the bulls fail to move the current market value above, the bears may bring the market to the support level of $0.0009 and below.
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