Lucky Block Price Prediction: LBLOCK/USD Retreats Below $0.0009; Time to Buy the Dip
August 4, 2022
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Lucky Block Price Prediction – August 4
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)
Resistance levels: $0.0010, $0.0011, $0.0012
Support levels: $0.0007, $0.0006, $0.0005
LBLOCK/USD is preparing for the next bullish movement as the coin slides below $0.0009. 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 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 $0.00075, $0.00070, and $0.00060.
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 $0.0010, $0.0011, and $0.0012
LBLOCK/USD Medium-term Trend: Ranging (2H Chart)
On the 2-hour chart, the Lucky Block (LBLOCK) continues to consolidate below the 9-day and 21-day moving averages as the coin moves toward 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 above the upper boundary of the channel at $0.0010 and above. Therefore, any bearish movement below the channel could hit the support level at $0.0007 and below while the technical indicator Relative Strength Index (14) moves to cross into the oversold region.
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