Lucky Block Price Prediction: LBLOCK/USD Ready to Break Above the Channel

Lucky Block Price Prediction – October 16

Looking at the 4-hour chart, the Lucky Block price rides the bulls as traders are ready to have a great moment ahead.

LBLOCK/USD Long-term Trend: Ranging (4H Chart)

Key Levels:

Resistance levels: $0.00028, $0.00030, $0.00032

Support levels: $0.00018, $0.00016, $0.00014

As LBLOCK/USD trading volume increases, a bullish run will begin to play out. Following the recent price, LBLOCK/USD is currently facing a potential resistance at the $0.00022 level which will is already above the 9-day moving average. A break above this barrier will produce a huge green candle above the upper boundary of the channel, marking resistance levels at $0.00028, $0.00030, and $0.00032.

Lucky Block Price Prediction: LBLOCK (Price) Heads to the Upside

The Lucky Block price moves bullishly as the coin begins a new upward movement as a bearish step back may roll the market back to the downside with a possible break down to $0.00018, $0.00016, and $0.00014 supports, and this could give the new buyers the opportunity to come into the market and the existing buyers to buy the dips. The technical indicator Relative Strength Index (14) is moving in the same direction below the 60-level, suggesting sideways movement.

LBLOCK/USD Medium-term Trend: Ranging (1H Chart)

The Lucky Block price is moving within the 9-day and 21-day moving averages, but as it appeared, there’s a low amount of buying pressure in the market which is why the price is finding it difficult to gain more upsides.

Moreover, if bears try to break down the price, one would expect the market to touch the support level of $0.00021 and below. Meanwhile, a bullish continuation would push the price to the resistance levels of $0.000235 and above as the technical indicator Relative Strength Index (14) moves above the 50-level.

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