Lucky Block Price Prediction: LBLOCK/USD Remains Around $0.0010
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The Lucky Block price prediction shows that LBLOCK keeps moving sideways as the market price prepares for a breakout.
LBLOCK/USD Medium-term Trend: Bullish (4H Chart)
Key Levels:
Resistance levels: $0.0013, $0.0015, $0.0017
Support levels: $0.0012, $0.0008, $0.0005
LBLOCK/USD is trading around $0.0010 as the coin aims to cross above the 9-day moving average. The buyers are getting ready to push the Lucky Block (LBLOCK) to the upside. Meanwhile, if the sellers bring the market further lower once again, buyers are expected to buy the dip as the coin prepares for the upward movement.
Lucky Block Price Prediction: LBLOCK Can Consolidate Before Moving High
The Lucky Block price is going to retrace to the upside, buyers and new investors are encouraged to watch for the next bearish signals. However, the coin may fall slightly if the technical indicator Relative Strength Index (14) crosses below the 50-level, but the coin would spike to the upside if the technical indicator heads to the positive side. Any bearish movement below the lower boundary of the channel may locate supports at $0.0009, $0.0007, and $0.0005.
However, should the buyers hold the current support of $0.0010 and climb higher; the bulls can expect immediate resistance to be located at $0.0012. Any further bullish movement towards the upper boundary of the channel may hit the resistance levels of $0.0013, $0.0015, and $0.0017.
LBLOCK/USD Medium-term Trend: Bullish (2H Chart)
On the 2-hour chart, the Lucky Block price may cross above the 9-day and 21-day moving averages and this could allow new buyers to enter the market. Nevertheless, the existing buyers are also expected to enter the market.
Looking at it from above, if the buyers push the price above the moving averages, a higher resistance level will be located at $0.0012 and above. Moreover, should the coin retreats below the lower boundary of the channel, the nearest support may come at $0.0010 and below while the Relative Strength Index (14) moves to cross below 50-level to create room for the new buyers.
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