Lucky Block Price Prediction: LBLOCK/USD Slides to $0.0010; Good Time to Buy
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Free Crypto Signals Channel
Free Telegram Channel
The Lucky Block price prediction drops to touch the daily low of $0.0010 as the price dips for new buyers to surface.
LBLOCK/USD Medium-term Trend: Bearish (12H Chart)
Key Levels:
Resistance levels: $0.0018, $0.0022, $0.0024
Support levels: $0.0003 $0.0002, $0.0001
LBLOCK/USD is trading around $0.0010 after the coin touches the daily high at $0.0012 within the 9-day and 21-day moving average. However, the buyers are ready to grab the Lucky Block (LBLOCK) and push it to the upside but if the sellers bring the market further lower once again, more buyers are expected to buy the dip as the coin prepares for the upward movement.
Lucky Block Price Prediction: LBLOCK May Plunge to Move High
Looking at the 12-hour chart, the Lucky Block price is going to retrace to the upside, buyers and new investors should watch for the next bearish signals for them to buy the dips. However, the coin may fall slightly if the technical indicator Relative Strength Index (14) slides into the oversold region, supports may be located at $0.0003, $0.0002, and $0.0001.
However, should the buyers hold the current support of $0.0010 and climb higher; the bulls can expect immediate resistance to be located at $0.0015. Any further bullish movement above the 9-day and 21-day moving averages may hit the resistance levels of $0.0018, $0.0020, and $0.0022.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the Lucky Block price may cross below the channel, but this could allow new buyers to enter the market. Nevertheless, the existing buyers are also expected to buy the dip as the market gathers momentum to begin another bullish movement.
From above, if the buyers push the price back above the 9-day and 21-day moving averages, a higher resistance level may be located at $0.0013 and above. Moreover, should the coin retreats below the channel, another support may come at $0.0007 and below while the Relative Strength Index (14) moves at the downside to prepare for the upward movement.
