Lucky Block Price Prediction: LBLOCK/USD Trades Around $0.00043; More Buyers Could Re-invest
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The Lucky Block price prediction shows that LBLOCK keeps moving sideways as the market price prepares for a breakout.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.0006, $0.0007, $0.0009
Support levels: $0.0003, $0.0002, $0.0001
LBLOCK/USD is trading around $0.00043 as the coin trades within the 9-day and 21-day moving averages. Moreover, the buyers are getting ready to grab the Lucky Block (LBLOCK) and push it to the upside. Meanwhile, if the sellers bring the market further lower once again, buyers are expected to buy the dip as the coin prepares for the upward movement.
Lucky Block Price Prediction: LBLOCK Could Plunge before Moving Upward
The Lucky Block price will soon begin to follow the upside as buyers, and new investors are expected to watch for the next bearish signals. However, it is likely for the coin to fall slightly as the technical indicator Relative Strength Index (14) remains within the oversold region, but the LBLOCK would spike to the upside as soon as the technical indicator leaves the negative side and heads to the upside. Meanwhile, any bearish movement below the lower boundary of the channel may locate supports at $0.0003, $0.0002, and $0.0001.
However, should the buyers hold the current support of $0.00043 and climb higher; the bulls can expect immediate resistance to be located at $0.0005. Any further bullish movement could be located at resistance levels at $0.0006, $0.0007, and $0.0009.
LBLOCK/USD Medium-term Trend: Ranging (1H Chart)
The Lucky Block price is hovering above the 9-day and 21-day moving averages as new buyers are expected to enter the market. Meanwhile, the existing buyers are also encouraged to re-invest.
From above, if the buyers push the price above the moving averages, any further bullish movement towards the upper boundary of the channel will locate the resistance level at $0.00048 and above. Moreover, should the coin retreats toward the lower boundary of the channel, the nearest support may come at $0.00041 and below, while the Relative Strength Index (14) remains above the 50-level to prepare the market for the bullish movement.
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