Lucky Block Price Prediction: LBLOCK/USD Will Retrace Above $0.000160
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Lucky Block Price Prediction – February 19
The Lucky Block price rebounds from the early dip at $0.000145 as the buying interest may increase on approach to $0.000200.
LBLOCK/USD Long-term Trend: Bearish (1D Chart)
Key levels:
Resistance Levels: $0.000240, $0.000260, $0.000280
Support Levels: $0.000100, $0.000080, $0.000060
LBLOCK/USD is ranging as the market prepares for a cross above $0.000200 but currently rebounding to retain the previous resistance at $0.000160. The buyers may begin to look for some resistance levels if the coin crosses above the 9-day and 21-day moving averages.
Lucky Block Price Prediction: LBLOCK Price May Reclaim $0.000200 Resistance
In the past few hours, after the Lucky Block price touches the daily low of $0.000147, the Lucky Block price could now face the resistance level of $0.000160 and look forward to reclaiming the resistance level of $0.000200. Meanwhile, the daily chart reveals that if the 9-day moving average crosses above the 21-day moving average, it will confirm the bullish movement for the coin.
At the moment, the technical indicator Relative Strength Index (14) may likely cross above the 50-level to indicate a bullish movement. Therefore, if the Lucky Block price crosses above the 9-day and 21-day moving averages, it could hit the resistance levels of $0.000240, $0.000260, and $0.000280, but any negative slide toward the lower boundary of the channel could hit the supports at $0.000100, $0.000080, and $0.000060.
LBLOCK/USD Medium-Term Trend: Ranging (4H Chart)
Looking at the 4-hour chart, the Lucky Block price is still below the 9-day and 21-day moving averages as the technical indicator Relative Strength Index moves below the 50-level. From above, if the Lucky Block price moves to cross above the 9-day and 21-day moving averages, the bullish influence could spike, and the accrued gains above the upper boundary of the channel.
On the contrary, the current candle could fail to cross above the moving averages, and the ultimate target could remain at $0.000130 and below but the best the bulls can do is to hold above the resistance level of $0.000160 and keep their attention on breaking the potential resistance at $0.000180 and above.
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