Lucky Block Price Prediction: LBLOCK/USD Ranges Above $0.0005; A Time to Buy
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The Lucky Block price prediction shows that LBLOCK is moving sideways as the buyers are expected to invest in the coin.
LBLOCK/USD Medium-term Trend: Ranging (12H Chart)
Key Levels:
Resistance levels: $0.0008, $0.0009, $0.0010
Support levels: $0.00035, $0.00025, $0.00015
LBLOCK/USD is trading below the 9-day and 21-day moving averages as the market price prepares for the north. The bullish momentum is gathering within the channel to reach the nearest resistance level of $0.0006. Nevertheless, if the price to failed to move to the upside, it will continue with the sideways movement, allowing new investors to enter the market.
Lucky Block Price Prediction: LBLOCK/USD Would Make Upward Corrections
The Lucky Block price may rise and break above the 9-day moving average if the bulls put more pressure. Therefore, any further bullish movement above the 21-day moving average could push the price to the potential resistance levels of $0.0008, $0.0009, and $0.0010.
On the contrary, any bearish movement below the lower boundary of the channel could hit the low of $0.00035, $0.00025, and $0.00015 support levels. Therefore, the technical indicator Relative Strength Index (14) remains below the oversold region to allow the existing buyers to buy the dips.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
Against Bitcoin, the Lucky Block price is hovering around the 9-day and 21-day moving averages, but any bullish movement will touch the resistance level of $0.0007 and above.
However, if the sellers bring the price towards the lower boundary of the channel as the technical indicator Relative Strength Index (14) remains below the oversold region, the coin could become cheaper for the new investors to enter the market as the nearest support level may be located at $0.0004 and below.
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