Lucky Block Price Prediction: LBLOCK/USD Ready for a Break Above $0.0005
Estimated Reading Time: 2 minutes
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The Lucky Block price prediction shows that LBLOCK is ready for the upside as the coin prepares for a cross above the moving averages.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.0007, $0.0008, $0.0009
Support levels: $0.0004, $0.0003, $0.0001
LBLOCK/USD keeps moving sideways for the new buyers and existing buyers to come into the market. Certainly, a break into the resistance level of $0.0006 will make the coin to rally above the 9-day and 21-day moving averages.
Lucky Block Price Prediction: LBLOCK/USD Ranges Before Heading to the North
According to the 4-hour chart, the Lucky Block price will reclaim the resistance level of $0.0006 as the buyers will push it to the potential resistance levels of $0.0007, $0.0008, and $0.0009 respectively. However, as the technical indicator Relative Strength Index (14) stays within the oversold region if the coin decides to retreat a little bit, the support levels of $0.0004, $0.0003, and $0.0002 may come to play out, and this could be the best time for the investor to invest in the coin.
LBLOCK/USD Medium-term Trend: Bearish (1H Chart)
The Lucky Block price is hovering around the 9-day and 21-day moving averages, after which it could cross and face the upper boundary of the channel. The technical indicator Relative Strength Index (14) is moving below the 60-level therefore, this could be the best for the current buyers to buy the dips and the new buyers to enter the market.
Moreover, if the bulls push the market price to touch the nearest resistance level of $0.0006, the Lucky Block price will cross above the upper boundary of the channel to hit the potential resistance level of $0.00054 and above. On the contrary, any bearish movement towards the lower boundary of the channel may locate the support level of $0.0005 and below.
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