Lucky Block Price Prediction: LBLOCK/USD Will Retrace the Lost Resistance

Lucky Block Price Prediction – February 12

The Lucky Block price prediction breaks above the resistance level of $0.000169 during the European session today.

LBLOCK/USD Medium-term Trend: Ranging (1D Chart)

Key Levels:

Resistance levels: $0.000270, $0.000290, $0.000310

Support levels: $0.000100, $0.000080, $0.000060

LBLOCK/USD is preparing for a move higher as the coin trades around $0.000169. The current market movement is necessary for the entry of new investors into the market. Therefore, if the sellers push the market lower, the bears can look for immediate support around the $0.000160 level.

Lucky Block Price Prediction: LBLOCK/USD Gets Ready for a Rebound

The Lucky Block price is below the 9-day and 21-day moving averages; the coin is preparing for a bullish movement as this would be a good opportunity for existing buyers. Meanwhile, the Relative Strength Index (14) technical indicator is moving below the 50-level, any bearish movement below the lower boundary of the channel could hit the supports at $0.000100, $0.000080, and $0.000060.

On the contrary, should the buyers hold the current market at $0.000169 and push it towards the upper boundary of the channel, the bulls can look forward to the potential resistance levels at $0.000270, $0.000290, and $0.000310.

LBLOCK/USD Medium-term Trend: Ranging (4H Chart)

On the 4-hour chart, the Lucky Block (LBLOCK) moves in the same direction as the buyers are coming into the market and this could push the coin to cross above the 9-day and 21-day moving averages.

Looking at the market, the buyers are making effort and any further bullish movement to the upside could hit the resistance level at $0.000200 and above, but if the coin slide below the lower boundary of the channel, it could touch the support at $0.000140 and below but the technical indicator Relative Strength Index (14) moves in the same direction below the 50-level.

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