Lucky Block Price Prediction: LBLOCK/USD Prepares for A Breakout Above $0.0020
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The Lucky Block price prediction stays below the 9-day and 21-day moving averages as the price prepares for a bullish breakout.
LBLOCK/USD Medium-term Trend: Bearish (12 Hour Chart)
Key Levels:
Resistance levels: $0.0035, $0.0040, $0.0045
Support levels: $0.0010, $0.0008, $0.0005
LBLOCK/USD is trading around $0.0021 as the coin may give room for new buyers to come into the market and the existing buyers to re-invest. Therefore, if the sellers continue to push the market further lower, bears can expect immediate support to be located at the $0.0020 level for more buyers to surface.
Lucky Block Price Prediction: LBLOCK Ready for The Upside
As revealed by the 12-hour chart, the Lucky Block price stays below the 9-day and 21-day moving averages as the coin may prepare to fall slightly if the technical indicator Relative Strength Index (14) stays within the oversold region. Any further bearish movement could locate the supports at $0.0010, $0.0008, and $0.0005.
On the contrary, if the buyers can hold the current market value and push the coin above the moving averages, bulls can then expect immediate resistance at $0.0030. However, crossing above the upper boundary of the channel may locate higher resistance levels at $0.0035, $0.0040, and $0.0045.
LBLOCK/USD Medium-term Trend: Bearish (4 Hour Chart)
On the 4-hour chart, the Lucky Block price moves above the 9-day moving average as buyers are coming into the market which could bring the coin to cross above the 21-day moving average. LBLOCK/USD is trading at $0.0021.
Looking at the upside, the bulls are getting ready to spike towards the upper boundary of the channel, higher resistance could lie at $0.0027 and above, but any further bearish movement could hit the support at $0.0015 and below as the technical indicator Relative Strength Index (14) stays below 40-level.
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