Lucky Block Price Prediction: LBLOCK/USD Ready for a Break Above $0.0060
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Free Crypto Signals Channel
Free Telegram Channel
In case the bulls increase their momentum, the Lucky Block price prediction will break up the $0.0060 level to hit the $0.0065 and $0.0070 resistance levels.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.0065, $0.0070, $0.0075
Support levels: $0.0045, $0.0040, $0.0035
On the 4-hour chart, LBLOCK/USD is above the 9-day and 21-day moving averages as the bullish pressure would prepare to break up the resistance level of $0.0060 level. However, should the bulls fail to push the price upward, the Lucky block price may consolidate for a while to allow more buyers to come into the market.
Lucky Block Price Prediction: LBLOCK/USD May Consolidate Before Moving Higher
The Lucky Block price is changing hands at $0.0054 where it retreats slightly, but if the coin continues the current movement and crosses above the upper boundary of the channel, the coin may locate the potential resistance levels at $0.0065, $0.0070, and $0.0075 while the support levels may surface at $0.0045, $0.0040, and $0.0035 respectively which may allow the new entries as the technical indicator Relative Strength Index (14) nosedives below 70-level.
LBLOCK/USD Medium-term Trend: Ranging (2H Chart)
On the 2-hour chart, the Lucky Block price remains above the 9-day and 21-day moving averages with a bullish candle. Meanwhile, the technical indicator Relative Strength Index (14) also stays within the overbought region which may push the coin to the upside. Any further bullish movement above the upper boundary of the channel will hit the resistance level at $0.0060 and above.
However, LBLOCK/USD would experience more bullish signals once this happens, the market price may cross above the channel, but if the price drop below the current market value at $0.0054, it could touch the critical support at $0.0050 and below to the existing buyers to buy the dip.
Read more:
