Lucky Block Price Prediction: LBLOCK/USD Ranges; More Buyers Will Play Out
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Lucky Block Price Prediction – December 22
The Lucky Block price prediction reveals that LBLOCK stays within the moving averages as more buyers are expected to enter the market soon.
LBLOCK/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000100, $0.000110, $0.000120
Support levels: $0.000022, $0.000020, $0.000018
Looking at the daily chart, LBLOCK/USD is trading within the 9-day and 21-day moving averages so that the market price can prepare for another bullish movement. However, the bulls are gathering momentum as new investors are expected to come into the market.
Lucky Block Price Prediction: LBLOCK/USD Will Begin the Uptrend
The Lucky Block price is trading around $0.000059, and it will soon break to the upside to hit the nearest resistance at $0.000080. Therefore, any further bullish movement above the upper boundary of the channel will push the Lucky Block price to the resistance levels of $0.000100, $0.000110, and $0.000120.
In other words, the market can become cheap if the bears bring the coin below the lower boundary of the channel, and sliding more could hit the supports at $0.000022, $0.000020, and $0.000018. Therefore, the 9-day moving average is hovering above the 21-day moving average to prepare the coin for upward movement.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
According to the 4-hour chart, the Lucky Block price will break above the 9-day and 21-day moving averages to begin the upward movement. However, the long-term moving averages will keep the bullish movement as the market begins a new trend in the next positive direction.
Conversely, if the buyers push the price toward the upper boundary of the channel, higher resistance could be located at $0.000078 and above while the 9-day MA and 21-day MA move in the same direction, indicating that the coin may consolidate before moving higher. Therefore, should the bulls fail to move higher, the bears may step back into the market, and the nearest support level could be located at $0.000041 and below.
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