Lucky Block Price Prediction: LBLOCK/USD Spikes to Indicate Price Rally
Estimated Reading Time: 2 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
According to the 4-hour chart, the Lucky Block price rides the bulls as traders are having a great moment ahead.
LBLOCK/USD Long-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.0045, $0.0050, $0.0055
Support levels: $0.0020, $0.0015, $0.0010
A bullish run may continue to play out as long as LBLOCK/USD increases their entries. Following the recent price, LBLOCK/USD is currently facing a potential resistance at the $0.0050 level above the 9-day moving average. A break above the barrier would produce a huge green candle towards the upper boundary of the channel, marking resistance at $0.0045, $0.0050, and $0.0055 levels.
Lucky Block Price Prediction: LBLOCK Price Faces the Upside
The Lucky Block price is moving bullishly as the coin crosses above the upper boundary of the channel. On the other hand, a slight retreat may bring the market to cross below 9-day and 21-day moving averages with a possible break down to $0.0020, $0.0015, and $0.0010 supports, which could give room for the new buyers to enter the market. Looking at it positively, the technical indicator Relative Strength Index (14) moves into the overbought region to increase the bullish movement.
LBLOCK/USD Medium-term Trend: Ranging (2H Chart)
The Lucky Block price is attempting to cross above the upper boundary of the channel, but as it appeared, there’s a low amount of buying pressure in the market which is why the price is finding it difficult to gain more upsides.
Moreover, if bears try to break down the price, one would expect the market to touch the support level of $0.0030 and below. Meanwhile, a bullish continuation would push the price to the resistance level of $0.0040 and above as the technical indicator Relative Strength Index (14) moves within the overbought region.
Read more:
