Lucky Block Price Prediction: LBLOCK/USD Surges Above $0.0005 Level
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The Lucky Block price prediction is moving to cross above the 9-day and 21-day moving averages for the confirmation of the bullish movement.
LBLOCK/USD Medium-term Trend: Bearish (1D Chart)
Key Levels:
Resistance levels: $0.0007, $0.0008, $0.0009
Support levels: $0.0004, $0.0003, $0.0002
LBLOCK/USD is ready to cross above the 9-day and 21-day moving averages for upward movement. Looking at the daily chart, the Lucky Block price is therefore getting prepared to face the upside as traders anticipate the current price movement indicating the upcoming price rally in the market.
Lucky Block Price Prediction: LBLOCK/USD Heads to the Positive Side
As soon as the Lucky Block price crosses above the moving averages, the coin will reclaim the resistance level of $0.0006 to face the potential resistance levels of $0.0007, $0.0008, and $0.0009. Meanwhile, as the technical indicator Relative Strength Index (14) keeps moving within the oversold region, if the bulls failed to push the coin to the north, the support levels of $0.0004, $0.0003, and $0.0002 may come to focus, which could be the best time for the new investors to come into the market.
LBLOCK/USD Medium-term Trend: Bearish (1H Chart)
On the 1-hour chart, the Lucky Block price is already hovering below the 9-day and 21-day moving averages, heading towards the lower boundary of the channel. However, the technical indicator Relative Strength Index (14) is moving to cross below the 40-level as the existing buyers prepare to buy the dips.
Moreover, if the bulls push the market price above the upper boundary of the channel, the crypto would hit the potential resistance level of $0.00053 and above. On the contrary, any further bearish movement to the south may hit the support level of $0.0005 and below as the new buyers are expected to come into the market once this comes to play.
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