Lucky Block Price Prediction: LBLOCK/USD Ranges; More Buyers Will Play Out
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Lucky Block Price Prediction – January 31
The Lucky Block price will head to the upside if the coin crosses above the 21-day moving average to touch the nearest resistance level.
LBLOCK/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000270, $0.000290, $0.000310
Support levels: $0.000085, $0.000065, $0.000045
LBLOCK/USD is ranging as the market price stays within the 9-day and the 21-day moving averages, aiming to face the upper boundary of the channel. Meanwhile, the market is likely to become cheaper if it crosses below the 9-day moving average so that new buyers could enter the market. However, if 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 Will Head to the North
The Lucky Block price will begin to break higher as the coin moves to cross above the 21-day moving average which could hit the nearest resistance level of $0.000250. However, any further bullish movement will locate the potential resistance levels at $0.000270, $0.000290, and $0.000310.
Meanwhile, the upward movement could be delayed if the sellers step back and bring the market price below the lower boundary of the channel which could touch the support levels at $0.000085, $0.000065, and $0.0000045. Meanwhile, the technical indicator Relative Strength Index (14) remains below the 60-level preparing the coin for upward movement.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
When compares to the 4-hour chart, the Lucky Block price keeps hovering above the 9-day and 21-day moving averages, which could touch the major resistance level at $0.000180. However, if the buyers push the price above the upper boundary of the channel, higher resistance could be located at $0.000200 and above.
Nevertheless, the technical indicator Relative Strength Index (14) is moving to cross 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 $0.000140 and below.
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