Lucky Block Price Prediction: LBLOCK/USD Retreats Below $0.000160; Time to Buy the Dip
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Lucky Block Price Prediction – February 22
The Lucky Block price prediction drops below the 9-day and 21-day moving averages; the price becomes cheaper for new buyers.
LBLOCK/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000230, $0.000250, $0.000270
Support levels: $0.000110, $0.000090, $0.000070
LBLOCK/USD is preparing for the next bullish movement as the coin slides below $0.000160. This could be necessary for the coin to reach higher resistance levels and for the existing buyers to buy the dip. Therefore, if the sellers bring the market further lower, bears can expect immediate support to be located towards the lower boundary of the channel.
Lucky Block Price Prediction: LBLOCK/USD Ready for a Retracement
At the time of writing, the Lucky Block price consolidates within the 9-day and 21-day moving averages, this could be a good opportunity for the existing buyers to buy the dip if the coin falls more. However, the technical indicator Relative Strength Index (14) moves below the 50-level. Beneath this, further supports could be found at $0.000110, $0.000090, and $0.000070.
Quite the reverse, if the buyers hold the current market value and push it to the upside, the bulls can expect to above the 9-day and 21-day moving averages, any further bullish movement may hit the resistance levels at $0.0006, $0.0007, and $0.0008.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
According to the 4-chart, the Lucky Block (LBLOCK) continues to consolidate within the 9-day and 21-day moving averages as the coin decides on the next possible direction it could follow, sliding toward the lower boundary of the channel could give the new and existing buyers to invest more.
Looking at the chart, buyers are gaining momentum as they are ready to spike above the upper boundary of the channel, crossing above this barrier could locate the resistance level at $0.000190 and above. Therefore, any bearish movement below the lower boundary of the channel could hit the support level at $0.000140 and below while the technical indicator Relative Strength Index (14) moves to cross below the 50-level.
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