Lucky Block Price Prediction: LBLOCK/USD Retreats Below $0.0002; Time to Buy the Dip
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The Lucky Block price prediction drops below the 9-day and 21-day moving averages; the price becomes cheaper for new buyers to enter.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.00030, $0.00035, $0.00040
Support levels: $0.00010, $0.00008, $0.00006
LBLOCK/USD is preparing for the next bullish movement as the coin slides below $0.0002. This is necessary for the coin to reach higher resistance levels and for the existing buyers to buy the dip. Therefore, if the sellers push the market further lower, bears can expect immediate support below the 9-day and 21-day moving averages.
Lucky Block Price Prediction: LBLOCK/USD Moves for a Retracement
At the time of writing, the Lucky Block price consolidates below the 9-day and 21-day moving averages, this would be a good opportunity for the existing buyers to buy the dip should the coin falls more. Moreover, the technical indicator Relative Strength Index (14) moves to cross below 40-level. Beneath this, further supports could be found at $0.00010, $0.00008, and $0.00006.
On the contrary, if the buyers hold the current market value and push it to the upside, the bulls can expect a bullish cross above the upper boundary of the channel, and any further positive movement could hit the resistance levels at $0.00030, $0.00035, and $0.00040
LBLOCK/USD Medium-term Trend: Ranging (1H Chart)
On the 1-hour chart, the Lucky Block (LBLOCK) continues to consolidate below the 9-day and 21-day moving averages as the coin moves to cross below the lower boundary of the channel, which could give the new and existing buyers to invest more.
From above, buyers are gaining momentum as they are ready to spike above the moving averages, higher resistance could be located towards the upper boundary of the channel at $0.00021 and above. Therefore, any bearish movement below the channel could hit the support level at $0.00018 and below while the technical indicator Relative Strength Index (14) moves below the 40-level.
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