Lucky Block Price Prediction: LBLOCK/USD Retreats as More Buyers Will Come to Play
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The Lucky Block price prediction slides below the moving averages as more buyers are expected to enter the market soon.
LBLOCK/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.0040, $0.0042, $0.0044
Support levels: $0.0010, $0.0008, $0.0006
According to the daily chart, LBLOCK/USD is trading under the 9-day and 21-day moving averages, this is for the market price to prepare for another bullish movement. However, the bulls are gathering momentum as new investors are expected to come into the market.
Lucky Block Price Prediction: LBLOCK/USD Will Head to the North
In as much as the 9-day moving average remains above the 21-day moving average, the Lucky Block price will break into the upside, and any further bullish movement above moving averages will push the Lucky Block price to the resistance levels of $0.0040, $0.0042, and $0.0044.
Nevertheless, the market can become very cheap if the bears move the coin towards the lower boundary of the channel, and sliding more could hit the supports at $0.0010, $0.0008, and $0.0006. Moreover, the technical indicator Relative Strength Index (14) is moving below 50-level to prepare the coin for the upward movement in the nearest term.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
According to the 4-hour chart, the Lucky Block price is ready to break above the 9-day moving average. The long-term moving averages will keep the bullish movement as the market is starting a new trend in the next positive direction.
However, if the buyers push the price above the 21-day moving average, higher resistance could be located at $0.0028 and above while the technical indicator Relative Strength Index (14) moves above the 40-level, indicating that the coin may consolidate before moving higher. Moreover, should the bulls fail to move higher, the bears may step back into the market, and the nearest support level could be located at $0.0015 and below.
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