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Lucky Block Price Prediction: LBLOCK/USD Range-bounds Above $0.0016

May 4, 2022

#LBLOCK#LBLOCKUSD#Lucky Block#Technical Analysis

Lucky Block Price Prediction – May 4

The Lucky Block price prediction recovers to the upside as the coin crosses above the 9-day and 21-day moving averages.

LBLOCK/USD Medium-term Trend: Ranging (12H Chart)

Key Levels:

Resistance levels: $0.0023, $0.0025, $0.0027

Support levels: $0.0010, $0.0008, $0.0006

Lucky Block Price Prediction
LBLOCKUSD – 12 Hour Chart

LBLOCK/USD ranges as the market price rises above the 9-day and the 21-day moving averages. Meanwhile, the market is ready for upward movement as the coin faces the north. However, should the bulls fail to push the price upward, the Lucky block price may continue to move sideways.

Lucky Block Price Prediction: LBLOCK/USD Would Move to the Upside

The Lucky Block price is moving to break above the 21-day moving average as the bulls defend the $0.0014 support level. However, any further bullish movement towards the upper boundary of the channel may push the price to the potential resistance levels of $0.0023, $0.0025, and $0.0027.

Moreover, the upward movement may be delayed if the bears cross below the moving averages to touch the low of $0.0010, $0.0008, and $0.0006 support levels. More so, the technical indicator Relative Strength Index (14) moves to cross above 50-level for the upward movement.

LBLOCK/USD Medium-term Trend: Bearish (4H Chart)

Against Bitcoin, the Lucky Block price would cross above the upper boundary of the channel to touch the major resistance level at $0.0017. However, if the buyers push the price above this barrier, higher resistance could be located at $0.0019 and above.

LBLOCKUSD – 4 Hour Chart

Moreover, the technical indicator Relative Strength Index (14) moves to cross above the 60-level, indicating that bullish signals are coming to play. Moreover, should the bulls fail to move the current market value above, the bears may step back into the market, and the nearest support level could be found at $0.0014 and below.

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