Lucky Block Price Prediction: LBLOCK/USD Spikes Above $0.000200 Level
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Lucky Block Price Prediction – May 8
The Lucky Block price prediction shows that LBLOCK crosses above the 9-day and 21-day moving averages to touch the resistance level of $0.000200.
LBLOCK/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000250, $0.000270, $0.000290
Support levels: $0.000100, $0.000080, $0.000060
LBLOCK/USD is at the time of writing ranging within the 9-day and 21-day moving averages. The current movement is suggesting a bullish movement if buyers increase the buying pressure in the market. Meanwhile, both old and new buyers are expected to invest more in the coin if it touches the $0.000150 support again.
Lucky Block Price Prediction: LBLOCK/USD Will Gain More
The Lucky Block price will begin to experience an increasing volume coupled with a bullish regroup as soon as the market follows a positive direction. However, should the coin delay its bullish movement, the bears could step into the market but new buyers are expected to come into the market. Meanwhile, if the selling pressure increases, it could reach the support levels at $0.000100, $0.000080, and $0.000060.
On the same note, the Lucky Block price can spike towards the upper boundary of the channel if the technical indicator Relative Strength Index (14) crosses above the 40-level. Meanwhile, the potential resistance levels could be located at $0.000250, $0.000270, and $0.000290 will come to play if the coin faces the upside.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
The Lucky Block price is hovering below the 9-day and 21-day moving averages as the coin prepares for a bullish movement. However, should the price break toward the upside, the market may experience an upward trend which could touch the resistance level at $0.000180 and above.
Moreover, the Lucky Block price could head toward the lower boundary of the channel to hit the support at $0.000140 and below so that more buyers can come into the market. However, the technical indicator Relative Strength Index (14) is moving below the 50-level, preparing the coin for the bullish movement.
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