Lucky Block Price Prediction: LBLOCK/USD Stays Around $0.000207 Level
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Lucky Block Price Prediction – January 6
The Lucky Block price indicates sideways movement as the coin fails to head toward the upside.
LBLOCK/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $0.000300, $0.000320, $0.000340
Support Levels: $0.000150, $0.000130, $0.000110
LBLOCK/USD is hovering at $0.000207 but the coin has not been able to reclaim the resistance level of $0.000220 above the 9-day moving average. At the moment, the Lucky Block price may begin to follow the sideways movement, but the daily chart shows that the formation of a bullish movement could play out.
Lucky Block Price Prediction: LBLOCK Price Could Consolidate to the Upside
As the Lucky Block price moves toward the east, it is likely to remain within the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) moves in the same direction above the 50-level. This could mean that the Lucky Block is ready for the upside as the buyers gather momentum.
Looking at it from above, recovery may set in bit by bit as the bulls may bring LBLOCK/USD above the resistance level of $0000220. However, a sustainable movement towards the north may reach the resistance level of $0.000250, which could allow for an extended recovery in the direction of the potential resistance levels at $0.000300, $0.000320, and $0.000340. On the downside, any bearish movement may cause the Lucky Block price to hit the supports at $0.000150, $0.000130, and $0.000110.
LBLOCK/USD Medium-Term Trend: Ranging (4H Chart)
Looking at the 4-hour chart, the Lucky Block price is hovering below the 9-day and 21-day moving averages. LBLOCK/USD may cross below the lower boundary of the channel if the bearish movement increases. However, should the price cross above the moving average and head toward the upper boundary of the channel; it could locate the resistance level of $0.000250 and above.
Moreover, if the bearish movement increases, the support level of $0.000180 may not be able to hold the selling pressure. Therefore, LBLOCK/USD is likely to fall to $0.000170 and below if the price crosses the lower boundary of the channel. Nevertheless, the technical indicator Relative Strength Index (14) is moving to cross below the 40-level to confirm the bearish movement, so that buyers can buy the dips.
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