Lucky Block Price Prediction: LBLOCK/USD Slides Below $0.0013; Time to Buy
Estimated Reading Time: 2 minutes
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The Lucky Block price prediction slumps below the moving averages as the price becomes cheaper for more buyers to buy.
LBLOCK/USD Medium-term Trend: Bearish (12H Chart)
Key Levels:
Resistance levels: $0.0019, $0.0021, $0.0023
Support levels: $0.0008, $0.0006, $0.0004
LBLOCK/USD is getting ready for a bullish movement as the coin retreats below $0.0013. This movement is necessary 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 around the $0.0012 level.
Lucky Block Price Prediction: LBLOCK/USD Gets Ready for a Retracement
The Lucky Block price stays 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 drop more. In the meantime, the technical indicator Relative Strength Index (14) moves to cross into the oversold region. Beneath this, further supports could be found at $0.0008, $0.06, and $0.0004.
On the other hand, if the buyers hold the current market value at $0.00125 and push it to the cross above the upper boundary of the channel, the bulls can expect potential resistance levels at $0.0019, $0.0021, and $0.0023.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the Lucky Block (LBLOCK) heads to the south as the buyers are coming into the market after this bearish movement which could push the coin to cross above the 9-day and 21-day moving averages.
Looking at it bullishly, the buyers are getting ready to spike towards the upper boundary of the channel, higher resistance lies at $0.0016 and above, but any further bearish movement could hit the support at $0.0010 and below as the technical indicator Relative Strength Index (14) remains within the oversold region.
