Lucky Block Price Prediction: LBLOCK/USD Retreats Below $0.0015; Best 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: Bearish (12H Chart)
Key Levels:
Resistance levels: $0.25, $0.0030, $0.0035
Support levels: $0.0003, $0.0002, $0.0001
LBLOCK/USD is preparing for a bullish movement as the coin retreats below $0.0015. This is necessary for the coin to reach the 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 around 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 into 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 across above the upper boundary of the channel, and any further bullish movement may hit the resistance levels at $0.0025, $0.0030, and $0.0035.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
On the 2-hour chart, the Lucky Block (LBLOCK) ranges as the buyers will come into the market by crossing above the 9-day and 21-day moving averages. LBLOCK/USD is trading at $0.0013.
Looking at it from above, the buyers are getting ready to spike above the moving averages, higher resistance could be located above the upper boundary of the channel at $0.0017 and above, but any bearish movement could hit the support at $0.0010 and below as the technical indicator Relative Strength Index (14) remains within the oversold region.
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