Lucky Block Price Prediction: LBLOCK/USD Ranges; More Buyers Will Play Out
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The Lucky Block price will cross above the 9-day moving average for the coin to touch the nearest resistance level of $0.0010.
LBLOCK/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.0022, $0.0024, $0.0026
Support levels: $0.0003, $0.0002, $0.0001
LBLOCK/USD is ranging as the market price moves above the 9-day and the 21-day moving averages. However, the market becomes cheaper so that new buyers could enter the market. Should the bulls fail to push the price upward, the market price will create a new low before moving to the north.
Lucky Block Price Prediction: LBLOCK/USD Will Touch $0.0010 Level
The Lucky Block price will soon break above the 9-day and 21-day moving averages if the market price finally hit the resistance level of $0.0010. However, any further bullish movement may push the coin towards the resistance levels of $0.0022, $0.0024, and $0.0026.
Moreover, the upward movement will be delayed if the bears slide below the lower boundary of the channel which could touch the support levels at $0.0003, $0.0002, and $0.0001. Meanwhile, the technical indicator Relative Strength Index (14) is moving around the 30-level, expecting more buyers to buy the dip.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
When compares to the 4-hour chart, the Lucky Block price would cross above the 9-day moving average to touch the major resistance level at $0.0008. However, if the buyers push the price above the upper boundary of the channel, higher resistance could be located at $0.0010 and above.
Nevertheless, the technical indicator Relative Strength Index (14) is crossing below the 40-level, preparing the coin for the upside. 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 $0.0004 and below.
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