Lucky Block Price Prediction: LBLOCK/USD Moves Above $0.0010
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The Lucky Block price prediction will begin to form higher as the coin gets ready for a spike above the moving averages.
LBLOCK/USD Medium-term Trend: Ranging (12H Chart)
Key Levels:
Resistance levels: $0.0019, $0.0020, $0.0021
Support levels: $0.0004, $0.0003, $0.0002
At the time of writing, LBLOCK/USD is hovering above the 9-day and 21-day moving averages as the coin keeps moving around the $0.0010 level while the in-coming bullish pressure will break up the $0.0012 level. However, should the bulls fail to push the price upward, 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 above the upper boundary of the channel. However, any further bullish movement could push the price to the potential resistance levels of $0.0019, $0.0020, and $0.0021.
On the other hand, if the bears break below the lower boundary of the channel, the Lucky Block price could hit the support levels of $0.0004, $0.0003, and $0.0002. Meanwhile, the technical indicator Relative Strength Index (14) is moving above 40-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 above the 9-day and 21-day moving averages as the bulls are seen gathering momentum in other to push the coin to cross above the upper boundary of the channel. 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 above the upper boundary of the channel, higher resistance could be reached at $0.0014 and above, while the technical indicator Relative Strength Index (14) stays below the 60-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 $0.0008 and below.
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