Lucky Block Price Prediction: LBLOCK/USD Ready to Surge Above $0.0040
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The Lucky Block price prediction retreats below the 9-day moving average so that the coin shoots to the upside.
LBLOCK/USD Medium-term Trend: Ranging (4 Hour Chart)
Key Levels:
Resistance levels: $0.0040, $0.0045, $0.0050
Support levels: $0.0020, $0.0015, $0.0010
Looking at the 4-hour chart, LBLOCK/USD is ranging around the 9-day moving average. The lucky Block price is therefore getting ready to shoot above the upper boundary of the channel. However, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market.
Lucky Block Price Prediction: LBLOCK/USD Heads to the Upside
According to the 4-hour chart, the next step for the Lucky Block price is to reclaim back the resistance level of $0.0035; once this is done, bulls would now face the resistance levels of $0.0040, $0.0045, and $0.0050. However, as the technical indicator Relative Strength Index (14) moves below the 60-level, LBLOCK/USD is getting ready for the upside. Meanwhile, if the coin retreats a little bit to the south, the support levels of $0.0020, $0.0015, and $0.0010 may be visited and this would be the best opportunity for the new investors to come into the market.
LBLOCK/USD Medium-term Trend: Ranging (2 Hour Chart)
On the 2-hour chart, the Lucky Block price is in a range, and it is currently trading around the 9-day and 21-day moving averages. At the moment, the buyers are gathering momentum in other to push the coin to the north. The technical indicator Relative Strength Index (14) is moving in the same direction below 60-level before heading to the north.
However, if the bulls succeed in pushing the price towards the upside, the Lucky Block would rise to the resistance level of $0.0040 and above but this might not come to play if the 9-day MA crosses below the 21-day MA. However, if the market gains a few more negative moves and falls from the current market value, this could bring the price towards the lower boundary of the channel, staying there may cause the coin to reach the support level of $0.0020 and below while the new buyers are expected to come into the market.
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