Lucky Block Price Prediction: LBLOCK/USD Slides Below $0.0011; Time to Buy?
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The Lucky Block price prediction faces the south as the price becomes cheaper for more investors to come into the market.
LBLOCK/USD Medium-term Trend: Bearish (12H Chart)
Key Levels:
Resistance levels: $0.0015, $0.0017, $0.0019
Support levels: $0.0007, $0.0005, $0.0003
LBLOCK/USD is preparing for a move higher as the coin pulls back below $0.0011. This movement is necessary for the entry of new investors into the market. Therefore, if the sellers push the market lower, the bears can look for immediate support around the $0.0009 level.
Lucky Block Price Prediction: LBLOCK/USD Gets Ready for a Retracement
The Lucky Block price is below the 9-day and 21-day moving averages; this would be a good opportunity for existing buyers to buy the dip should the coin drop further. Meanwhile, the Relative Strength Index (14) technical indicator is moving to cross below 40-level. , any further supports can be found at $0.0007, $0.0005, and $0.0003.
On the other hand, if the buyers hold the current market at $0.0010 and push it towards the upper boundary of the channel, therefore, the bulls can look forward to potential resistance levels at $0.0015, $0.0017, and $0.0019.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
On the 4-hour chart, the Lucky Block (LBLOCK) moves in the same direction as the buyers are coming into the market and this could push the coin to cross above the upper boundary of the channel.
Looking at the market bullishly, the buyers are making effort to push the coin above the channel, once this is done, the coin could hit the resistance level at $0.0014 and above, but any further bearish movement could touch the support at $0.0008 and below as the technical indicator Relative Strength Index (14) remains below 50-level.
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