Lucky Block Price Prediction: LBLOCK/USD Retreats Below $0.0055; Opportunity to Buy
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The Lucky Block price prediction slides to the downside as the price becomes cheaper for new buyers to enter.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.0065, $0.0070, $0.0075
Support levels: $0.0040, $0.0035, $0.0030
LBLOCK/USD is dropping below $0.0050 as the coin moves to give room for new buyers to come into the market while the existing buyers are encouraged to buy the dip. Therefore, if the sellers continue to push the market further lower once again, bears can expect immediate support to be located at the $0.0045 level.
Lucky Block Price Prediction: LBLOCK Price Retreats to Gain Higher
According to the 4-hour chart, the Block Lucky price continues to drop; this is a good opportunity for the new buyers to enter the market. The coin may fall more as the technical indicator Relative Strength Index (14) moves to cross below 40-level. Beneath this, further supports could be found at $0.0040, $0.0035, and $0.0030.
In other words, if the buyers can hold the current market value and push the price higher, the bulls may expect immediate resistance to be located at $0.0060. Above this level, higher resistance may be found at $0.0065, $0.0070, and $0.0075 levels.
LBLOCK/USD Medium-term Trend: Ranging (2H Chart)
On the 2-hour chart, the Lucky Block (LBLOCK) ranges as the buyers are coming into the market. At the time of writing, the Lucky Block price is hovering below the 9-day and 21-day moving averages as the coin trades at $0.0048.
From above, the buyers are getting ready to spike towards the channel, higher resistance could lie at $0.0060 and above, but any further bearish movement could hit the support at $0.0040 and below as the technical indicator Relative Strength Index (14) moves within the oversold region.
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