Lucky Block Price Prediction: LBLOCK/USD Ready to Reclaim $0.0010 Level
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The Lucky Block price prediction could retreat below the moving averages a little bit so that the coin can head to the upside.
LBLOCK/USD Medium-term Trend: Bearish (12H Chart)
Key Levels:
Resistance levels: $0.0014, $0.0016, $0.0018
Support levels: $0.0006, $0.0004, $0.0002
LBLOCK/USD is becoming cheap for more buyers to come into focus. The lucky Block price is therefore getting ready to cross above the upper boundary of the channel. However, traders are anticipating that the current price movement is an indication that the bullish movement is coming to focus.
Lucky Block Price Prediction: LBLOCK/USD Could Retreat to Shoot the Upside
According to the 12-hour chart, the Lucky Block price is ready to reclaim the resistance level of $0.0010; once this is done, bulls would now face resistance levels of $0.0014, $0.0016, and $0.0018. However, as the technical indicator Relative Strength Index (14) moves below the 40-level, if the coin retreats a little bit to the south, the support levels of $0.0006, $0.0004, and $0.0002 may be visited and this would be the best opportunity for the new investors to come into the market.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the Lucky Block price is sliding below the 9-day and 21-day moving averages; it is likely to head towards the lower boundary of the channel as new buyers are expected to come into the market. The technical indicator Relative Strength Index (14) may move into the oversold region before heading to the north.
However, if the bulls push the price above the moving averages, the Lucky Block will rise to the resistance level of $0.0009 and above. Moreover, any movement in the next negative direction may cause the coin to reach the support level of $0.0008 and below.
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