Lucky Block Price Prediction: LBLOCK/USD Trades Bullishly Above $0.000155
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Lucky Block Price Prediction – December 26
The Lucky Block price is heading towards the upside as the coin moves to cross above the 9-day and 21-day moving averages.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.000200, $0.000210, $0.000220
Support levels: $0.000130, $0.000120, $0.000110
LBLOCK/USD is beginning the bullish movement as the coin crosses above the 9-day and the 21-day moving averages. Meanwhile, should the bulls fail to keep the price to cross above the resistance level of $0.000160, the Lucky block price could retreat again before heading to the north.
Lucky Block Price Prediction: Would LBLOCK/USD Spike Higher?
The Lucky Block price will once again head toward the upper boundary of the channel as the market price reclaims back the resistance level of $0.000160. However, any further bullish movement could push the coin to the resistance levels of $0.000200, $0.000210, and $0.000220.
Meanwhile, the upward movement could be delayed if the bears resume back into the market and head toward the lower boundary of the channel which could touch the support levels at $0.000130, $0.000120, and $0.000110. However, the technical indicator Relative Strength Index (14) moves above the 40-level, preparing for the bullish movement.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
According to the 2-hour chart, the Lucky Block price remains below the 9-day and 21-day moving averages as crossing above this barrier could touch the major resistance level at $0.000170. However, if the buyers push the price above the upper boundary of the channel, the potential resistance could be located at $0.000200 and above.
Nevertheless, the technical indicator Relative Strength Index (14) is moving to cross above the 50-level, which indicates that bullish signals are coming to play. Therefore, should bulls fail to move the current market value above, the bears may step back into the market, and the nearest support level could be found at $0.000130 and below.
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