Lucky Block Price Prediction: LBLOCK/USD Retreats Below $0.0030; Opportunity to Buy
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The Lucky Block price prediction drop below the 9-day and 21-day moving averages as the price becomes cheaper for new buyers to enter.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.0030, $0.0035, $0.0040
Support levels: $0.0020, $0.0015, $0.0010
LBLOCK/USD is preparing for a bullish movement as the retreats below $0.0030. This is necessary for the coin to reach the higher resistance levels and for the new investors to come into the market. Therefore, if the sellers push the market further lower, bears can expect immediate support to be located below 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 210day moving averages, this would be a good opportunity for the existing buyers to buy the dip should the coin falls more. In addition, the technical indicator Relative Strength Index (14) moves into the oversold region. Beneath this, further supports could be found at $0.0020, $0.0015, and $0.0010.
On the contrary, if the buyers hold the current market value and push it to the upside, the bulls can expect potential resistance levels to be located at $0.0030, $0.0035, and $0.0040 levels.
LBLOCK/USD Medium-term Trend: Bearish (2H Chart)
On the 2-hour chart, the Lucky Block (LBLOCK) ranges as the buyers are coming into the market which could bring the coin to cross above the 9-day and 21-day moving averages. LBLOCK/USD is trading at $0.0025.
Looking at it from above, the buyers are getting ready to spike towards the upper boundary of the channel, higher resistance could lie at $0.0029 and above, but any further bearish movement could hit the support at $0.0022 and below as the technical indicator Relative Strength Index (14) remains within the oversold region.
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