Lucky Block Price Prediction: LBLOCK/USD Prepares for Breakout at $0.0018
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The Lucky Block price prediction stays below the 9-day and 21-day moving averages as the price is ready for a bullish breakout.
LBLOCK/USD Medium-term Trend: Ranging (12 Hour Chart)
Key Levels:
Resistance levels: $0.0030, $0.0032, $0.0034
Support levels: $0.0010, $0.0008, $0.0006
LBLOCK/USD is trading around $0.0017 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 once again, bears can expect immediate support to be located at the $0.0015 level for more buyers to surface.
Lucky Block Price Prediction: LBLOCK Ready to Shoot to the Upside
At the time of writing, the Block Lucky price stays below the 9-day and 21-day moving averages. The coin can fall more if the bears put more pressure and the technical indicator Relative Strength Index (14) crosses below the 40-level. Any further bearish movement could locate the supports at $0.0010, $0.0008, and $0.0006.
On the other hand, if the buyers can hold the current market value and push above the moving averages, bulls can then expect immediate resistance at $0.0020. However, crossing above the upper boundary of the channel, higher resistance may be found at $0.0030, $0.0032, and $0.0034 levels.
LBLOCK/USD Medium-term Trend: Ranging (4 Hour Chart)
On the 4-hour chart, the Lucky Block (LBLOCK) remains below the 9-day and 21-day moving averages, the buyers are preparing to return to the market as the coin is trading at $0.0016.
Looking at the upside, as soon as the technical indicator Relative Strength Index (14) leaves the oversold region, the Lucky Block price will spike towards the upper boundary of the channel, and higher resistance could be located at $0.0025 and above. On the downside, any further bearish movement below the lower boundary of the channel could hit the support at $0.0010 and below.
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