Lucky Block Price Prediction: LBLOCK/USD Trades Around $0.0013; More Buyers May 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 (12H Chart)
Key Levels:
Resistance levels: $0.0025, $0.0027, $0.0029
Support levels: $0.0007, $0.0005, $0.0003
LBLOCK/USD is trading around $0.0020 as the coin aims to cross above the 9-day and 21-day moving average. However, 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) crosses into 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 may locate supports at $0.0007, $0.0005, and $0.0003.
However, should the buyers hold the current support of $0.0013 and climb higher; the bulls can expect immediate resistance to be located at $0.0020. Any further bullish movement could hit the resistance levels at $0.0025, $0.0027, and $0.0029.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the Lucky Block price is yet to cross above the upper boundary of the channel as the new buyers are expected to enter the market. Nevertheless, the existing buyers are also encouraged to re-invest.
From above, if the buyers push the price above the 9-day and 21-day moving averages, any further bullish movement above the upper boundary of the channel will locate the resistance level at $0.0018 and above. Moreover, should the coin retreats below the moving averages, the nearest support may come at $0.0011 and below, while the Relative Strength Index (14) moves within the oversold region to prepare for the bullish movement.
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