Lucky Block Price Prediction: LBLOCK/USD Prepares for a Bullish Breakout
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The Lucky Block price prediction prepares to cross above the 9-day and 21-day moving averages as the price gets ready for a bullish breakout.
LBLOCK/USD Medium-term Trend: Ranging (4 Hour Chart)
Key Levels:
Resistance levels: $0.0040, $0.0045, $0.0050
Support levels: $0.0020, $0.0015, $0.0010
LBLOCK/USD is trading around $0.0030 as the coin gives room for new buyers to come into the market and the existing buyers to re-invest. Therefore, if the sellers push the market to the south, bears can expect immediate support to be located at the $0.0030 level for more buyers to enter the market.
Lucky Block Price Prediction: LBLOCK Would Break to the Upside
Looking at the 4-hour chart, the Lucky Block price stays below the 9-day and 21-day moving averages. The coin may drop a little bit before heading to the upside as the technical indicator Relative Strength Index (14) keeps moving above the 40-level. Any bearish movement below the lower boundary of the channel could locate the supports at $0.0020, $0.0015, and $0.0010.
However, if the buyers can hold the current market value and push above the 9-day and 21-day moving averages, bulls may expect immediate resistance at $0.0035. Nevertheless, crossing above the upper boundary of the channel may locate higher resistance levels at $0.0040, $0.0045, and $0.0050.
LBLOCK/USD Medium-term Trend: Ranging (2 Hour Chart)
On the 2-hour chart, the Lucky Block (LBLOCK) moves to cross the 9-day moving average as the buyers are coming into the market. LBLOCK/USD is trading at $0.0044.
Looking at the upside, the buyers are getting ready to spike towards the upper boundary of the channel, higher resistance could lie at $0.0035 and above, but any further bearish movement could hit the support at $0.0025 and below as the technical indicator Relative Strength Index (14) crosses above 40-level.
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