Lucky Block Price Prediction: LBLOCK/USD Trades Around $0.0020; 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: Bearish (12H Chart)
Key Levels:
Resistance levels: $0.0030, $0.0035, $0.0040
Support levels: $0.0012, $0.0008, $0.0005
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) remains below the 40-level, but the coin would spike to the upside if the technical indicator heads to the positive side. Any bearish movement towards the lower boundary of the channel may locate supports at $0.001, $0.0008, and $0.0005.
However, should the buyers hold the current support of $0.0020 and climb higher; the bulls can expect immediate resistance to be located at $0.0028. Any further bullish movement above the 21-day moving average may hit the resistance levels of $0.0030, $0.0032, and $0.0034.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the Lucky Block price may cross above the upper boundary of the channel and this could allow new buyers to enter the market. Nevertheless, the existing buyers are also expected to enter the market.
Looking at it from above, if the buyers push the price above the 9-day and 21-day moving averages, a higher resistance level may be located at $0.0025 and above. Moreover, should the coin retreats below the moving averages, the nearest support may come at $0.0016 and below while the Relative Strength Index (14) moves around 40-level to prepare for the bullish movement.
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