Lucky Block Price Prediction: LBLOCK/USD Retreats Below $0.000050
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Lucky Block Price Prediction – December 27
The Lucky Block price prediction drops below the moving averages as the price becomes cheaper for new buyers to come in.
LBLOCK/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000092, $0.000094, $0.000096
Support levels: $0.000005, $0.000003, $0.000001
LBLOCK/USD appears to be gearing up for a potential bullish surge as the coin dips below its moving averages, reaching the resistance level of $0.000055 could offer a buying opportunity for current investors during this dip. Conversely, if selling pressure persists, bears might find immediate support beneath the lower boundary of the channel.
Lucky Block Price Prediction: LBLOCK/USD Could Move for a Retracement
The Lucky Block price is currently consolidating beneath the 9-day and 21-day moving averages, which could present a buying opportunity for current investors looking to capitalize on the dip. Notably, the 9-day moving average is positioned below the 21-day moving average, should the market witness additional downward momentum, key support levels to monitor include $0.000005, $0.000003, and $0.000001.
Nonetheless, if buyers sustain the existing market value and drive upward momentum, bullish investors might anticipate a positive crossover above the upper boundary of the channel. In such a scenario, resistance levels to watch for would be $0.000092, $0.000094, and $0.000096.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, Lucky Block (LBLOCK) remains in a consolidation phase below the 9-day and 21-day moving averages, which could slide toward the lower boundary of the channel. This presents an opportunity for both new and existing investors to consider adding to their positions.
However, there’s an indication of increasing buyer momentum poised to push the price above the moving averages. If this bullish trend continues, a higher resistance level at $0.000063 and above could be targeted. Conversely, a bearish move below the channel might test support around $0.000035 and below, especially as the 9-day MA trails beneath the 21-day MA.
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