Lucky Block Price Prediction: LBLOCK/USD Range-bounds; More Buyers Could Play Out
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Lucky Block Price Prediction – April 8
The Lucky Block price prediction shows that LBLOCK keeps hovering within the 9-day and 21-day moving averages as more buyers are expected.
LBLOCK/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000280, $0.000300, $0.000320
Support levels: $0.000100, $0.000080, $0.000060
LBLOCK/USD is trading within the 9-day and 21-day moving averages, this is for the market price to prepare for another bullish movement. However, the bulls are gathering momentum as new investors are expected to come into the market.
Lucky Block Price Prediction: LBLOCK/USD Will Spike to the North
The Lucky Block price is trading around $0.000182 and it will break to the upside once the bulls step back into the market, any further bullish movement above the upper boundary of the channel will push the Lucky Block price to the resistance levels of $0.000280, $0.000300, and $0.000320.
On the contrary, the market can become low if the bears bring the coin below the lower boundary of the channel, and dropping more could make the coin hit the support levels at $0.000100, $0.000080, and $0.000060. Meanwhile, the technical indicator Relative Strength Index (14) is moving above the 50-level to prepare the coin for upward movement in the nearest term.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
According to the 4-hour chart, the Lucky Block price will break above the 9-day and 21-day moving averages as the long-term moving averages will bring the bulls into the market while the coin follows the positive direction.
However, if the buyers push the price above the upper boundary of the channel, higher resistance could be located at $0.000250 and above but the technical indicator Relative Strength Index (14) is moving in the same direction, indicating that the coin may retreat before moving higher. Moreover, should the bulls fail to move higher, the bears may step back into the market, and the nearest support level could be located at $0.000120 and below.
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