Lucky Block Price Prediction: LBLOCK/USD Ranges; More Buyers Are Expected
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The Lucky Block price prediction will recover to the upside as the coin crosses above the moving averages.
LBLOCK/USD Medium-term Trend: Bearish (12H Chart)
Key Levels:
Resistance levels: $0.0015, $0.0017, $0.0019
Support levels: $0.0004, $0.0003, $0.0002
LBLOCK/USD is ranging as the market price moves below the 9-day and the 21-day moving averages. Meanwhile, the market is likely to become cheaper so that new buyers could enter the market. However, should 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 Would Move Higher
The Lucky Block price will soon break above the upper boundary of the channel if the market price crosses above the resistance level of $0.0010. However, any further bullish movement may push the coin to the resistance levels of $0.0015, $0.0017, and $0.0019.
Moreover, the upward movement may be delayed if the bears cross below the lower boundary of the channel which could touch the support levels at $0.0004, $0.0003, and $0.0002. Meanwhile, the technical indicator Relative Strength Index (14) remains below the 35-level preparing for the upward movement.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
When compared on the 4-hour chart, the Lucky Block price would cross above the 9-day and 21-day moving averages to touch the major resistance level at $0.0013. However, if the buyers push the price above the upper boundary of the channel, higher resistance could be located at $0.0014 and above.
In addition, the technical indicator Relative Strength Index (14) is moving to cross above 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 $0.0006 and below.
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