Lucky Block Price Prediction: LBLOCK/USD Keeps Ranging; Time to Buy
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The Lucky Block price prediction shows that LBLOCK moves sideways as the coin retreats below the moving averages.
LBLOCK/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.0030, $0.0032, $0.0034
Support levels: $0.0010, $0.0008, $0.0006
LBLOCK/USD is hovering below the 9-day and 21-day moving averages as the market price prepares for the upward movement. The bullish momentum is gathering within the channel so that it can reach the nearest resistance level at $0.0022. Nevertheless, should the bulls fail to push the price to the upside, the Lucky block price may continue with the sideways movement, allowing new investors to enter the market.
Lucky Block Price Prediction: LBLOCK/USD Would Make Upward Corrections
The Lucky Block price will rise and break above the 9-day and 21-day moving averages if the bulls put more pressure. Therefore, any further bullish movement towards the upper boundary of the channel will push the price to the potential resistance levels of $0.0030, $0.0032, and $0.0034.
On the contrary, any bearish movement below the lower boundary of the channel could hit the low of $0.0010, $0.0008, and $0.0006 support levels. Therefore, the technical indicator Relative Strength Index (14) remains below the 50-level to allow the existing buyers to buy the dips.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Against Bitcoin, the Lucky Block price is hovering below the 9-day and 21-day moving averages but should the coin follow the bullish movement, it will touch the resistance level of $0.0025 and above.
However, if the sellers bring the price below the lower boundary of the channel as the technical indicator Relative Strength Index (14) moves to cross below the 40-level, the coin will become cheaper for the new investors to enter the market as the nearest support level may be located at $0.0015 and below.
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