Lucky Block Price Prediction: LBLOCK/USD Ranges as More Buyers Are Expected
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The Lucky Block price may recover to the upside as the coin crosses above the moving averages to touch the resistance level of $0.00275.
LBLOCK/USD Medium-term Trend: Ranging (4 Hour Chart)
Key Levels:
Resistance levels: $0.0040, $0.0045, $0.0050
Support levels: $0.0015, $0.0010, $0.0005
According to the 4-hour chart, LBLOCK/USD is ranging as the market price rises above the 9-day and the 21-day moving averages. Meanwhile, the market is likely to become cheaper so that new and existing buyers could enter the market. However, should the bulls fail to push the price upward, the Lucky block price may continue sideways before heading to the upside.
Lucky Block Price Prediction: LBLOCK/USD Would Move Higher
The Lucky Block price would rise and break above the upper boundary of the channel if the bulls defend the $0.0027 support level. Therefore, any further bullish movement above the channel may push the price to the potential resistance levels of $0.0040, $0.0045, and $0.0050.
Moreover, the upward movement may be delayed if the bears cross below the 9-day and 21-day moving averages to touch the low of $0.0015, $0.0010, and $0.0005 support levels. More so, the technical indicator Relative Strength Index (14) moves above 50-level to prepare for the upward movement.
LBLOCK/USD Medium-term Trend: Ranging (2 Hour Chart)
Against Bitcoin, the Lucky Block price would cross above the upper boundary of the channel to touch the major resistance level at $0.0030. However, if the buyers push the price above this barrier, higher resistance could be located at $0.0035 and above.
Moreover, the technical indicator Relative Strength Index (14) moves 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 $0.0020 and below.
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