Lucky Block Price Prediction: Expected to Retrace Lost Resistance
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Lucky Block Price Prediction – June 4
The Lucky Block price prediction breaks above the resistance level of $0.000113 during the European session today.
LBLOCK/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000200, $0.000210, $0.000220
Support levels: $0.000024, $0.000014, $0.000004
LBLOCK/USD is preparing for a move higher as the coin trades around $0.000110. 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 $0.000100 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 around the 40-level, any bearish movement below the lower boundary of the channel could hit the supports at $0.000024, $0.000014, and $0.000004.
On the contrary, should the buyers hold the current market at $0.000110 and push it toward the upper boundary of the channel, the bulls can look forward to the potential resistance levels at $0.000200, $0.000210, and $0.000220.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
On the 4-hour chart, the Lucky Block (LBLOCK) moves to cross below the lower boundary of the channel 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 an effort and any further bullish movement to the upside could hit the resistance level at $0.000150 and above, but if the coin slide below the lower boundary of the channel, it could touch the support at $0.000075 and below, but the technical indicator Relative Strength Index (14) moves to cross below the 40-level.
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