Lucky Block Price Prediction: LBLOCK/USD Retraces the Lost Resistance
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Lucky Block Price Prediction – November 10
The Lucky Block price prediction breaks above the resistance level of $0.000182 during the European session today.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.000220, $0.000230, $0.000240
Support levels: $0.000150, $0.000140, $0.000130
LBLOCK/USD is following the bullish movement as the coin pulls back below $0.000180. This movement is necessary for the entry of new investors into the market. Therefore, if the sellers bring the market lower, the bears can look for immediate support around the $0.000170 level.
Lucky Block Price Prediction: LBLOCK/USD Gets Ready for a Rebound
The Lucky Block price is above the 9-day moving average and it is preparing for a bullish movement as the current market value would be a good opportunity for existing buyers to reinvest. Meanwhile, the Relative Strength Index (14) technical indicator is moving to cross above the 40-level.
On the contrary, if the coin follows the bearish movement, crossing below the lower boundary of the channel could hit the supports at $0.000150, $0.000140, and $0.000130. However, should buyers push the current market of $0.000179 towards the upper boundary of the channel, the coin could touch the potential resistance levels at $0.000220, $0.000230, and $0.000240.
LBLOCK/USD Medium-term Trend: Ranging (2H Chart)
On the 2-hour chart, the Lucky Block (LBLOCK) crosses above the 21-day moving average as the buyers increase their buying pressure within the channel. However, any further bullish movement could hit the nearest resistance level at $0.000200.
Looking at the market, the buyers are making effort to push the coin towards the upper boundary of the channel, once this is done, the coin could hit the resistance level at $0.000220 and above, but any bearish movement below the lower boundary of the channel could touch the support at $0.000150 and below while the technical indicator Relative Strength Index (14) moves to cross above the 50-level.
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