Lucky Block Price Prediction: LBLOCK/USD Trades Around $0.0005; Time to Invest in LBLOCK
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Lucky Block Price Prediction – August 11
The Lucky Block price prediction shows that LBLOCK is digging a dip as the market price prepares for a breakout above 9-day MA.
LBLOCK/USD Medium-term Trend: Ranging (12H Chart)
Key Levels:
Resistance levels: $0.00084, $0.00094, $0.00104
Support levels: $0.0007, $0.0005, $0.0003
LBLOCK/USD is trading around $0.00057 as the coin aims to cross above the 9-day moving average. 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 May Plunge before Moving High
The Lucky Block price is going to retrace to the upside, buyers and new investors are encouraged to watch for the next bearish signals. However, the coin may fall slightly if the technical indicator Relative Strength Index (14) remains within the oversold region, but the coin would spike to the upside as soon as the technical indicator leaves the negative side. Meanwhile, any bearish movement below the lower boundary of the channel can locate supports at $0.00036, $0.00026, and $0.00016.
However, should the buyers hold the current support at $0.00057 and climb higher; the bulls can expect immediate resistance to be located at $0.0007. Any further bullish movement could hit the resistance levels at $0.00084, $0.00094, and $0.000104.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the Lucky Block price is yet to cross above the 9-day and 21-day moving averages as the buyers are encouraged to re-invest while the new buyers are also expected to come into the market.
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 $0.0007 and above. Moreover, should the coin retreat and face the lower boundary of the channel, the nearest support may come at $0.0005 and below, while the Relative Strength Index (14) moves within the oversold region to prepare for the bullish movement.
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