Lucky Block Price Prediction: LBLOCK/USD Moves Around $0.00045 Level
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The Lucky Block price prediction consolidates around $0.00045 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: $0.0007, $0.0008, $0.0009
Support levels: $0.0003, $0.0002, $0.0001
LBLOCK/USD moves to the north as the coin prepares to recover above the 9-day moving average. 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 $0.00045 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 become severe with more downs for the new buyers to enter. However, the next level of support lies at $0.0003, $0.0002, and $0.0001.
Moreover, the Lucky Block price would begin the bullish movement as the coin prepares to hit the potential resistance levels at $0.0007, $0.0008, and $0.0009. 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: Bearish (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 as it moves to cross above the upper boundary of the channel. Therefore, should the price break above this barrier, the market will experience an upward trend which could touch the resistance level at $0.00065 and above.
Nevertheless, if the Lucky block price fails to cross above the channel, it can cross below the 9-day moving average to hit support at $0.00032 and below. Meanwhile, the technical indicator Relative Strength Index (14) is moving to cross above the 40-level, which will gradually move to the positive side.
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