Lucky Block Price Prediction: LBLOCK/USD Retreats Below $0.000220; Buyers Could Buy the Dip
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Lucky Block Price Prediction – January 9
The Lucky Block price prediction drops below the 9-day moving average; the price becomes cheaper for new buyers to enter.
LBLOCK/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000300, $0.000320, $0.000340
Support levels: $0.000140, $0.000138, $0.000136
LBLOCK/USD is preparing for the next bullish movement as the coin slides below $0.000220. This is necessary for the coin to reach the resistance level of $0.000250 and for the existing buyers to buy the dip. However, if the sellers bring the market further lower, bears can expect immediate support below the 21-day moving average.
Lucky Block Price Prediction: LBLOCK/USD Could Move for a Retracement
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 should the coin falls more. Moreover, the technical indicator Relative Strength Index (14) moves to cross below the 50-level. Beneath this, further supports could be found at $0.000140, $0.000138, and $0.000136.
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 $0.000300, $0.000320, and $0.000340.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
On the 4-hour chart, the Lucky Block (LBLOCK) continues to consolidate below the 9-day and 21-day moving averages as the coin heads toward the lower boundary of the channel, which could give the new and existing buyers to invest more.
From above, buyers are gaining momentum and they are ready to spike above the moving averages, higher resistance could be located above the upper boundary of the channel to touch the resistance level of $0.000230 and above. Therefore, any bearish movement below the channel could hit the support level at $0.000190 and below while the technical indicator Relative Strength Index (14) moves below the 50-level.
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