Lucky Block Price Prediction: LBLOCK/USD Touches $0.000199 Support; Opportunity to Buy the Dips
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Lucky Block Price Prediction – January 12
The Lucky Block price prediction shows that LBLOCK is hovering around $0.000199 as the buying pressure gathers for the upside.
LBLOCK/USD Long-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.000300, $0.000320, $0.000340
Support levels: $0.000120, $0.000100, $0.000080
LBLOCK/USD is trading around $0.000199 as the coin could begin to follow the upward movement. At the moment, the current trend suggests a bearish movement but it is going to follow the bullish movement if the coin touches the support level of $0.000195 under the 9-day and 21-day moving averages. Therefore, both the new and the existing buyers are expected to invest more in the coin.
Lucky Block Price Prediction: LBLOCK/USD Will Head to the North
The Lucky Block price would begin to experience an increasing volume coupled with a bullish regroup in the positive direction. However, should the coin delay its bullish movement, the bears could become severe with more downs for the new investors to enter. However, the next support levels could lie at $0.000120, $0.000100, and $0.000080.
According to the daily chart, the Lucky Block price would move bullishly if the technical indicator Relative Strength Index (14) rebounds and cross above the 50-level. Meanwhile, the potential resistance levels at $0.000300, $0.000320, and $0.000340 will come to play as soon as the coin trades bullishly.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
The 4-hour chart revealed that the Lucky Block price is moving below the 9-day and 21-day moving averages as the coin gets ready for the bullish movement. However, should the price break above the moving averages; the coin will experience an upward trend and could touch the resistance level at $0.000210 and above.
Moreover, if the bulls return to the market, LBLOCK/USD may face the upper boundary of the channel. Nevertheless, the Lucky Block price may continue to head towards the lower boundary of the channel, and crossing below this barrier could hit the support at $0.000175 and below. The technical indicator Relative Strength Index (14) is moving into the oversold region but could be getting ready for a movement to the upside.
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