Lucky Block Price Prediction: LBLOCK/USD Ready to Reclaim $0.0040
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The Lucky Block price prediction would begin to move higher as the coin heads to the north.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.0055, $0.0060, $0.0065
Support levels: $0.0025, $0.0020, $0.0015
LBLOCK/USD has been performing tremendously since the last few days as the market price touches the high of $0.0050. However, the Lucky Block price is getting ready for another spike above the 9-day and 21-day moving averages to face the positive side.
Lucky Block Price Prediction: LBLOCK/USD Would Face the Upside
The Lucky Block price keeps trading around $0.0036 as the coin stays below the 9-day and 21-day moving averages. Looking at the chart, it is obvious that the market would rise after the sideways movement, which is noticeable for the technical indicator Relative Strength Index (14) as the signal line prepares for a bullish movement.
Now, the bears are likely to gather momentum for the new buyers to come into the market. However, if the Lucky Block retreats a little bit, LBLOCK/USD would hit the supports at $0.0025, $0.0020, and $0.0020, but the traders should expect a bullish spike across the upper boundary of the channel for it to hit the resistance levels of $0.0055, $0.0060, and $0.0065.
LBLOCK/USD Medium-term Trend: Ranging (2H Chart)
On the 2-hour chart, LBLOCK/USD is moving below the 9-day and 21-day moving averages at 0.0036 resistance level. The long-term moving average may bring the coin to the upside but currently, as revealed on the chart, the market is starting a new trend as the price prepares to create a bullish candle.
Meanwhile, if the buyers could push the price above the moving averages, higher resistance lies at $0.0045 and above. Moreover, should the bulls fail to move it to the upside, the nearest level of support towards the downside lies at $0.0030 and below as the Relative Strength Index remains below 40-level, which could allow the existing buyers to buy the dip and prepare the new buyers to come into the market.
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