Lucky Block Price Prediction: LBLOCK/USD Remains Below $0.0006; Time to Buy the Dip
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The Lucky Block price prediction remains below the moving averages; the coin is waiting for new buyers to come in before moving higher.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.0008, $0.0010, $0.0012
Support levels: $0.0005, $0.0004, $0.0003
LBLOCK/USD will begin to follow a bullish movement as soon as the coin crosses above the 9-day and 21-day moving averages. The current movement is necessary for the Lucky Block price to reach the resistance level of $0010 while new buyers are expected to enter the market. Therefore, if the sellers bring the market further lower, the support level of $0.0005 can be reached.
Lucky Block Price Prediction: LBLOCK Can Retreat to Move Higher
At the time of writing, the Lucky Block price is hovering below the 9-day and 21-day moving averages. If the coin retreats below $0.0006, it will be a good opportunity for the existing buyers to buy the dip while the new buyers are expected to invest in the coin. Moreover, the technical indicator Relative Strength Index (14) is seen below 40-level. Any further bearish movement may locate the supports at $0.0005, $0.0004, and $0.0003.
Furthermore, if the buyers hold the current market value and push it to cross above the 9-day and 21-day moving averages, the bulls can break towards the upper boundary of the channel, and any further bullish movement may hit the resistance levels at $0.0008, $0.0010, and $0.0012 respectively.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the Lucky Block (LBLOCK) ranges as the buyers are preparing to come into the market by crossing above the 9-day and 21-day moving averages. LBLOCK/USD is trading near the resistance level of $0.00062.
Nevertheless, the buyers are getting ready to spike above the moving averages, higher resistance could be located around the upper boundary of the channel at $0.0065 and above, but any bearish movement could hit the support at $0.00056 and below as the technical indicator Relative Strength Index (14) moves below 35-level.
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