Lucky Block Price Prediction: LBLOCK/USD Spikes to Touch $0.0010 Level
Estimated Reading Time: 3 minutes
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The 12-hour chart reveals that the Lucky Block price rides the bulls as traders prepare for a great moment ahead.
LBLOCK/USD Long-term Trend: Ranging (12H Chart)
Key Levels:
Resistance levels: $0.0013, $0.0014, $0.0015
Support levels: $0.0008, $0.0007, $0.0006
A bullish run will continue to play out as long as LBLOCK/USD crosses above the channel’s upper boundary. The Lucky Block price is currently facing a potential resistance at the $0.0011 level aiming to cross above the 9-day and 21-day moving averages. A break above this barrier would produce a substantial green candle towards the upper boundary of the channel, which could reach the resistance levels at $0.0013, $0.0014, and $0.0015 levels.
Lucky Block Price Prediction: LBLOCK Price Moves to the Upside
The Lucky Block price is moving bullishly as the coin prepares to cross above the moving averages. On the other hand, a slight retreat may bring the market below the lower boundary of the channel with a possible break to the supports at $0.0008, $0.0007, and $0.0006, giving room for the new buyers to surface. Looking at the chart, the technical indicator Relative Strength Index (14) is facing the upside, aiming to cross above the 60-level.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
The Lucky Block price is hovering above the 9-day and 21-day moving averages, as it appeared, there’s a low amount of buying pressure in the market, which is why the price could not gain more upsides for now. Traders should watch out for the next direction that the coin will follow as the bulls are ready to take over.
Moreover, if bears try to bring the price below the lower boundary of the channel, traders would expect the market to touch the support level of $0.0009 and below. Meanwhile, a bullish continuation would push the price to the resistance level of $0.0012 and above as the technical indicator Relative Strength Index (14) moves to cross above the 60-level.
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