Lucky Block Price Prediction: LBLOCK/USD Trades at $0.0010; Best Time to Buy
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The Lucky Block price prediction retreats to prepare for another bullish movement; the price becomes cheaper for new buyers.
LBLOCK/USD Medium-term Trend: Ranging (12H Chart)
Key Levels:
Resistance levels: $0.0013, $0.0015, $0.0017
Support levels: $0.0008, $0.0006, $0.0004
LBLOCK/USD is preparing for a bullish movement as the coin retreats below $0.0011. This is necessary for the coin to reach higher resistance levels and for the existing buyers to buy the dip. Meanwhile, if the sellers push the market further lower, bears can expect immediate support to be located around the lower boundary of the channel.
Lucky Block Price Prediction: LBLOCK/USD Ready for a Retracement
At the time of writing, the Lucky Block price is likely to consolidate below the 9-day moving average, this would be a good opportunity for the existing buyers to buy the dip should the coin falls more. Moreover, the technical indicator Relative Strength Index (14) moves to cross below 60-level. Beneath this, further supports could be found at $0.0008, $0.0006, and $0.0004.
Quite the reverse, if the buyers hold the current market value and push it to the upside, the bulls can expect across above the upper boundary of the channel, and any further bullish movement may hit the resistance levels at $0.0013, $0.0015, and $0.0017.
LBLOCK/USD Medium-term Trend: Bullish (4H Chart)
On the 4-hour chart, the Lucky Block (LBLOCK) remains below the 9-day moving average as the coin trades at $0.0010. Looking at the chart from above, the buyers are getting ready to reclaim the resistance level of $0.0011 and push the coin back above the moving averages.
However, LBLOCK/USD will face the upside as the higher resistance level could be located above the upper boundary of the channel at $0.0012 and above, but any bearish movement below the lower boundary of the channel could hit the support at $0.0009 and below as the technical indicator Relative Strength Index (14) crosses below the 50-level for the existing buyers to buy the dip.
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