Lucky Block Price Prediction: LBLOCK/USD Slides to $0.0014; More Buyers to Surface
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 $0.0014 as the price dips for new buyers to surface.
LBLOCK/USD Medium-term Trend: Bearish (12H Chart)
Key Levels:
Resistance levels: $0.0020, $0.0025, $0.0030
Support levels: $0.0009, $0.0007, $0.0005
LBLOCK/USD is trading around $0.0014 as the coin moves below the 9-day and 21-day moving averages. However, the buyers are ready to grab the Lucky Block (LBLOCK) and push it to the upside. Meanwhile, 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 chart, the Lucky Block price is going to retrace to the upside, buyers and new investors should watch for the next bearish signals so that they can buy the dips. However, the coin may fall slightly if the technical indicator Relative Strength Index (14) crosses below level, but the good thing is that the coin will from there spike to the upside. Any further supports may be located at $0.0009, $0.0007, and $0.0005.
Nevertheless, if the buyers hold the current support of $0.0014 and climb higher; the bulls can expect immediate resistance to be located at $0.0025. Any further bullish movement above the upper boundary of the channel may hit the resistance levels of $0.0020, $0.0025, and $0.0030.
LBLOCK/USD Medium-term Trend: Bearish (2H 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 toward the 9-day and 21-day moving averages, a higher resistance level may be located at $0.17 and above. Moreover, should the coin retreats below the channel, another support may come at $0.0012 and below while the Relative Strength Index (14) moves to cross into the oversold region after which it could prepare for an upward movement.
Read more:
