Lucky Block Price Prediction: LBLOCK/USD Range-bounds; More Buyers Will Play Out
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Lucky Block Price Prediction – October 15
The Lucky Block price will recover to the upside as the coin moves to cross above the upper boundary of the channel to touch the nearest resistance level.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.00030, $0.00035, $0.00040
Support levels: $0.00015, $0.00010, $0.00005
LBLOCK/USD is ranging as the market price stays above the 9-day and the 21-day moving averages, aiming to cross above the upper boundary of the channel. Meanwhile, the market is likely to become cheaper if it crosses below the moving averages so that new buyers could enter the market. However, if the bulls fail to push the price upward, the Lucky block price may create an additional low before heading to the north.
Lucky Block Price Prediction: LBLOCK/USD Will Spike Higher
The Lucky Block price will begin to break higher as the coin moves to cross above the channel which could hit the nearest resistance level of $0.00025. However, any further bullish movement will locate the potential resistance levels at $0.00030, $0.00035, and $0.00040.
On the contrary, the upward movement could be delayed if the sellers bring the market price below the lower boundary of the channel and it could touch the support levels at $0.00015, $0.00010, and $0.00005. Meanwhile, the technical indicator Relative Strength Index (14) remains below the 60-level preparing the coin for upward movement.
LBLOCK/USD Medium-term Trend: Bearish (1H Chart)
When compares to the 4-hour chart, the Lucky Block price keeps hovering within the 9-day and 21-day moving averages, which could touch the major resistance level at $0.00022. However, if the buyers push the price above the upper boundary of the channel, higher resistance could be located at $0.00024 and above.
In other words, the technical indicator Relative Strength Index (14) is moving to cross below the 40-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 $0.00020 and below.
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