Lucky Block Price Prediction: LBLOCK/USD Ranges; More Buyers Will Play Out
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The Lucky Block price will recover to the upside as the coin moves to cross above the moving averages to touch the nearest resistance level.
LBLOCK/USD Medium-term Trend: Bearish (1D Chart)
Key Levels:
Resistance levels: $0.0023, $0.0025, $0.0024
Support levels: $0.0003, $0.0002, $0.0001
LBLOCK/USD is ranging as the market price remains 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 Ready to Spike Higher
The Lucky Block price will soon break above the 9-day MA as soon as the market price crosses above the resistance level of $0.0007. However, any further bullish movement may push the coin to the resistance levels of $0.0023, $0.0025, and $0.0027.
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 $0.0003, $0.0002, and $0.0001. Meanwhile, the technical indicator Relative Strength Index (14) remains within the oversold region preparing for the upward movement.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
When compared to 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 $0.0008. However, if the buyers push the price above the upper boundary of the channel, higher resistance could be located at $0.0010 and above.
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 $0.0005 and below.
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