Lucky Block Price Prediction: LBLOCK/USD Retreats for More Buyers to Play Out
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The Lucky Block price prediction slides below the moving averages as more buyers are expected to enter the market soon.
LBLOCK/USD Medium-term Trend: Ranging (12H Chart)
Key Levels:
Resistance levels: $0.0031, $0.0033, $0.0035
Support levels: $0.0016, $0.0014, $0.0012
LBLOCK/USD is trading within the 9-day and 21-day moving averages as the market price prepares for another bullish movement. However, the bulls are gathering momentum as the new investors are expected to come into the market.
Lucky Block Price Prediction: Would LBLOCK/USD Move Higher?
In as much as the 9-day moving average remains above the 21-day moving average, the Lucky Block price will break above the upper boundary of the channel. However, any further bullish movement above this barrier will push the Lucky Block price to the resistance levels of $0.0031, $0.0033, and $0.0035.
On the other hand, the market may experience a bearish movement if the bears move towards the lower boundary of the channel, and sliding more could hit the supports at $0.0016, $0.0014, and $0.0012. Moreover, the technical indicator Relative Strength Index (14) is moving below 60-level to prepare the coin for the upside.
LBLOCK/USD Medium-term Trend: Bullish (4H Chart)
According to the 4-hour chart, the Lucky Block price is ready to break above the 9-day and 21-day moving averages. However, the long-term moving averages will keep the bullish movement as the market is starting a new trend.
However, if the buyers push the price above the moving averages, higher resistance could be located at $0.0030 and above while the technical indicator Relative Strength Index (14) moves below the 40-level, indicating that the coin may consolidate before moving higher. Moreover, should the bulls fail to move higher, the bears may step back into the market, and the nearest support level could be located at $0.0016 and below.
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