Lucky Block Price Prediction: LBLOCK/USD Moves Near $0.0012 Resistance
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The 12-hour chart reveals that the Lucky Block price rides the bulls as traders are getting ready for a great moment ahead.
LBLOCK/USD Long-term Trend: Ranging (12H Chart)
Key Levels:
Resistance levels: $0.0013, $0.0014, $0.0015
Support levels: $0.0009, $0.0007, $0.0005
A bullish run may continue to play out as long as LBLOCK/USD increases their entries above the 9-day and 21-day moving averages. The Lucky Block price is currently facing a potential resistance at the $0.0012 level above the moving averages. A bullish movement above this barrier would produce another huge green candle towards the channel’s upper boundary, marking resistance at $0.0013, $0.0014, and $0.0015 levels.
Lucky Block Price Prediction: LBLOCK Price Shoots to The Upside
The Lucky Block price is bullish as the coin crosses above the 9-day and 21-day MAs. On the contrary, a slight retreat towards the channel’s lower boundary is likely to bring the down with a possible break to the supports at $0.0009, $0.0007, and $0.0005, giving room for the new buyers to enter. However, the technical indicator Relative Strength Index (14) is moving to cross above 60-level, suggesting bullish movement.
LBLOCK/USD Medium-term Trend: Bullish (4H Chart)
The Lucky Block price is on its way towards the upper boundary of the channel, but as it appeared, there’s a low amount of buying pressure in the market, which is why the price is likely to take time for it to gain more upsides.
Moreover, if bears try to break down the price, one would expect the market to touch the support level of $0.0095 and below. Meanwhile, a bullish continuation would push the price to the resistance level of $0.0013 and above as the technical indicator Relative Strength Index (14) moves to cross above the 60-level.
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