Lucky Block Price Prediction: LBLOCK/USD Slides to $0.0020; Good Time to Buy
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The Lucky Block price prediction drops to touch the daily low of $0.0020 as the price dips for new buyers to surface.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.0030, $0.0035, $0.0040
Support levels: $0.0012, $0.0008, $0.0003
LBLOCK/USD is trading around $0.00201 after the coin touches the daily low at $0.0020 below the lower boundary of the channel. However, the buyers are ready to grab the Lucky Block (LBLOCK) and push it to cross above the 9-day and 21-day moving averages. Meanwhile, if the sellers bring the market further lower once again, more buyers are expected to buy the dip as the coin prepares for more green candles.
Lucky Block Price Prediction: Buyers Ready to take LBLOCK to the Upside
Looking at the 4-hour chart, the Lucky Block price is now retracing back to the upside, buyers and new investors should also watch for the next bearish signals for them to buy the dips. On the other hand, the coin may fall slightly if the technical indicator Relative Strength Index (14) moves into the oversold region but the good news is that the coin will from there spike to the upside. Any further supports may be located at $0.0012, $0.0008, and $0.0003.
However, should the buyers hold the current support of $0.0020 and climb higher; the bulls can expect immediate resistance to be located at $0.0025. Any further bullish movement above the 21-day moving average may hit the resistance levels of $0.0030, $0.0035, and $0.0040.
LBLOCK/USD Medium-term Trend: Bearish (2H Chart)
On the 2-hour chart, the Lucky Block price may cross below the channel, but this may give new buyers to enter into the market. Nevertheless, the existing buyers are also expected to buy any dip as the market gathers momentum to begin another bullish movement.
From above, if the buyers push the price above the 9-day and 21-day moving averages, higher resistance lies at $0.0030 and above. Moreover, should the coin retreats below the channel, another support may come at $0.0010 and below while the Relative Strength Index (14) stays within the oversold region to suggest an upward movement.
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