Lucky Block Price Prediction: LBLOCK/USD Slides Below $0.0024; Time to Buy the Dip
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The Lucky Block price prediction drops below the 9-day moving average; the price will become slightly cheaper for new buyers to come in.
LBLOCK/USD Medium-term Trend: Ranging (12H Chart)
Key Levels:
Resistance levels: $0.33, $0.35, $0.0037
Support levels: $0.0016, $0.0014, $0.0012
LBLOCK/USD is preparing for a bullish movement as the coin retreats below $0.0024 to create another higher level. This is necessary for the coin to reach the higher resistance levels and for the existing buyers to buy the dip. Therefore, if the sellers push the market further lower, bears can expect immediate support to be located around the 21-day moving average.
Lucky Block Price Prediction: LBLOCK/USD Will Retreat to Shoot Higher
The Lucky Block price is hovering below the 9-day moving average, this would be a good opportunity for the investors to invest in the coin should it fall more. Moreover, the technical indicator Relative Strength Index (14) nosedives below 65-level. Beneath this, further supports could be found at $0.0016, $0.0014, and $0.0012.
Quite the reverse, if the buyers hold the current market value and push it to the upside, the bulls can break above the upper boundary of the channel, and any further bullish movement may hit the resistance levels at $0.0033, $0.0035, and $0.0037.
LBLOCK/USD Medium-term Trend: Bullish (4H Chart)
On the 4-hour chart, the Lucky Block (LBLOCK) ranges as the buyers will come into the market by crossing above the 9-day and 21-day moving averages. LBLOCK/USD is trading near the resistance level of $0.0024.
However, the buyers are getting ready to spike above the moving averages, higher resistance could be located around the upper boundary of the channel at $0.0030 and above, but any bearish movement could hit the support at $0.0018 and below as the technical indicator Relative Strength Index (14) moves to cross above 50-level.
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