Lucky Block Price Prediction: LBLOCK/USD Turns Lower; More Buyers Are Coming
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According to the daily chart, the Lucky Block price prediction will begin to form higher as the bears may lose grip over the coin soon.
LBLOCK/USD Medium-term Trend: Bearish (12H Chart)
Key Levels:
Resistance levels: $0.0025, $0.0027, $0.0029
Support levels: $0.0010, $0.0008, $0.0006
At the time of writing, LBLOCK/USD is ranging as the market price prepares to cross above the 9-day and 21-day moving averages. Meanwhile, the bulls are gathering momentum to push the coin above the resistance level of $0.0020. However, should the bulls fail to push the price upward, the Lucky block price may consolidate for a while.
Lucky Block Price Prediction: Would LBLOCK/USD Move Higher?
The Lucky Block price will break above the 9-day and 21-day moving averages if the bulls defend the $0.0017 support level. However, any further bullish movement towards the upper boundary of the channel may push the Lucky Block price to the resistance levels of $0.0025, $0.0027, and $0.0029.
On the contrary, this technical analysis may be invalidated if the bears move towards the lower boundary of the channel, and could hit the supports at $0.0010, $0.0008, and $0.0006. Moreover, the technical indicator Relative Strength Index (14) is moving below 40-level to prepare the coin for the next positive direction.
LBLOCK/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the Lucky Block price is ready to move up higher as it is crossing above the 9-day and 21-day moving averages. The long-term moving averages may keep the bullish movement as the market is starting a new trend.
However, if the buyers push the price towards the upper boundary of the channel, higher resistance could be reached at $0.0019 and above as the technical indicator Relative Strength Index (14) is moving to cross above the 50-level, indicating that more bullish signals are coming to play. Moreover, should the bulls fail to move the current market value above, the bears may step back into the market, and the nearest support level could be located at $0.0015 and below.
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