Lucky Block Price Prediction: LBLOCK/USD Touches $0.0007 as Bullish Market Comes into Focus
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The Lucky Block price prediction drops to the daily low of $0.00069 as the coin prepares for the bullish movement.
LBLOCK/USD Medium-term Trend: Bearish (12H Chart)
Key Levels:
Resistance levels: $0.0010, $0.0012, $0.0014
Support levels: $0.0005 $0.0003, $0.0001
LBLOCK/USD is trading around $0.00069 after the coin touches the daily high at $0.0007 within the 9-day and 21-day moving averages. However, the buyers are ready to grab the Lucky Block (LBLOCK) and push it to the upside but if the sellers bring the market further lower once again, more buyers are expected to buy the dip as the coin prepares for the upward movement.
Lucky Block Price Prediction: LBLOCK May Plunge to Move High
Looking at the 12-hour chart, the Lucky Block price is going to retrace to the upside, buyers and new investors are to watch for the subsequent bearish signals so that they can buy the dips. However, the coin may fall slightly if the technical indicator Relative Strength Index (14) slides into the oversold region, supports may be located at $0.0005, $0.0003, and $0.0001.
However, should the buyers hold the $0.0007 level and begin to climb higher; the bulls can expect immediate resistance at $0.0008. Any further bullish movement above the 9-day and 21-day moving averages could hit the resistance levels of $0.0010, $0.0012, and $0.0014.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the Lucky Block price is becoming cheap as this could allow new buyers to enter the market while the existing ones are also expected to re-invest. From above, if the buyers push the price back above the 9-day and 21-day moving averages, a higher resistance level may be located at $0.0009 and above.
Moreover, should the coin retreats below the channel’s lower boundary, another support may come at $0.0006 and below while the Relative Strength Index (14) crosses below the 40-level.
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