Lucky Block Price Prediction: LBLOCK/USD Retreats Below $0.0005; 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.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.0006, $0.0007, $0.0008
Support levels: $0.0003, $0.0002, $0.0001
LBLOCK/USD is preparing for the next bullish movement as the coin slides below $0.0005. 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 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 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 within the oversold region. Beneath this, further supports could be found at $0.0003, $0.0002, and $0.0001.
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 (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 could move 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 $0.00049 and above. Therefore, any bearish movement below the channel could hit the support level at $0.00040 and below while the technical indicator Relative Strength Index (14) remains within the oversold region.
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