Lucky Block Price Prediction: LBLOCK/USD Rebounds Above $0.0050
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The Lucky Block price prediction would rise above the upper boundary of the channel if bulls increase their momentum.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.0070, $0.0075, $0.0080
Support levels: $0.0040, $0.0035, $0.0030
At the time of writing, LBLOCK/USD is ranging as the market price stays above the 9-day and 21-day moving averages. Meanwhile, the bullish momentum would push the coin towards the resistance level of $0.0060, and should the bulls fail to push the price upward, the Lucky block price may retreat within the channel.
Lucky Block Price Prediction: Would LBLOCK/USD Break to the Upside?
The Lucky Block price is hovering at $0.0052 where it prepares to cross above the upper boundary of the channel. However, if the coin spike to the north, the coin may locate the potential resistance levels at $0.0070, $0.0075, and $0.0080 but any bearish movement to the south could hit the support levels at $0.0040, $0.0035, and $0.0030. The technical indicator Relative Strength Index (14) is likely to move above 40-level to confirm the bullish movement.
LBLOCK/USD Medium-term Trend: Ranging (2H Chart)
Looking at the 2-hour chart, the Lucky Block price stays within the 9-day and 21-day moving averages with a slight bullish candle. However, the technical indicator Relative Strength Index (14) may cross into the overbought region to keep the coin at the upside. Meanwhile, any further bullish movement could hit the resistance level at $0.0060 and above.
In other words, LBLOCK/USD would soon experience more bullish signals, and once this happens, the market price will spike to the upside, so this would be the best opportunity for the new buyers to come into the market. If the price drops below the market value at $0.0052, it could touch the critical support at $0.0045 and below.
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