Lucky Block Price Prediction: LBLOCK/USD Slides to $0.000200 Support; Best Time to Buy
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Lucky Block Price Prediction – December 9
The Lucky Block price prediction retreats below the support level of $0.000220; the price becomes low for new buyers to come into the market.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.000280, $0.000300, $0.000320
Support levels: $0.000140, $0.000120, $0.000100
LBLOCK/USD will soon begin the upward movement after the coin retreats below $0.000200. This is necessary for the coin to reach higher resistance levels and for the existing buyers to buy the dips. Meanwhile, if the sellers push the market further lower, bears can expect immediate support to be located below the lower boundary of the channel.
Lucky Block Price Prediction: Will LBLOCK/USD Decrease Further?
The Lucky Block price can consolidate below the lower boundary of the channel as this would be a good opportunity for new buyers to come into the market should the coin falls more. Moreover, the technical indicator Relative Strength Index (14) slides below the 40-level to confirm further bearish movement. On that note, both the existing and the new buyers are expected to come into the market as any further supports could be found at $0.000140, $0.000120, and $0.000100.
Meanwhile, from the upside, if the buyers begin to push the market price upward, buyers can expect a bullish run towards the upper boundary of the channel, which could in the process, hit the resistance levels at $0.000280, $0.000300, and $0.000320.
LBLOCK/USD Medium-term Trend: Ranging (2H Chart)
On the 2-hour chart, the Lucky Block (LBLOCK) remains below the 9-day and 21-day moving averages as the coin trades at $0.000200. Looking at the chart, the buyers are getting ready to reclaim the resistance level of $0.000220 by pushing the coin above the moving averages.
However, LBLOCK/USD will need to face the upside as the higher resistance level could be located above the upper boundary of the channel at $0.000260 and above, but any further bearish movement towards the lower boundary of the channel could hit the support at $0.000170 and below while the technical indicator Relative Strength Index (14) moves to cross into the oversold region for the existing buyers to buy the dip and the new buyers to enter the market.
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