Lucky Block Price Prediction: LBLOCK/USD Ranges for a Breakout
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The Lucky Block price prediction may begin to form higher as the bears may lose grip over the coin soon as the bulls take over.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
Key Levels:
Resistance levels: $0.0030, $0.0035, $0.0040
Support levels: $0.0010, $0.0008, $0.0003
At the time of writing, LBLOCK/USD is moving sideways as the market price prepares to cross above the 9-day moving average. Meanwhile, the bullish momentum is propelling the coin around the $0.00614 level as the bullish pressure could break up the $0.00650 level. However, should the bulls fail to push the price upward, the Lucky block price may consolidate for a while so that new buyers can come into the market.
Lucky Block Price Prediction: Would LBLOCK/USD Move Higher?
The Lucky Block price would rise and break above the 9-day and 21-day moving averages as the bulls defend the $0.0060 support level. Therefore, any further bullish movement towards the upside may push the price to the potential resistance levels of $0.0030, $0.0035, and $0.0040.
In the meantime, this analysis may be invalidated if the bears break towards the lower boundary of the channel and fall to the support levels of $0.0010, $0.0008, and $0.0003. Moreover, the technical indicator Relative Strength Index (14) is moving within the oversold region to get ready for bullish movement.
LBLOCK/USD Medium-term Trend: Bearish (2H Chart)
According to the 2-hour chart, the Lucky Block price is ranging within the 9-day and 21-day moving averages. The bullish are seen gathering momentum in other to push the coin towards the upper boundary of the channel. The long-term moving averages may keep the bullish movement as the market prepares for a new trend.
However, if the buyers push the price and move towards the channel, higher resistance could be reached at $0.0030 and above while the technical indicator Relative Strength Index (14) moves to cross above 40-level, indicating that the buyers should get ready for a spike to the positive side. On the contrary, if the bulls fail to move the current market value above, the bears may bring the market to the support level of $0.0012 and below.
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