LBLOCK/USD Price Forecast: LBLOCK May Retrace Lost Resistance
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The Lucky Block price prediction breaks above the resistance level of $0.00047 during the European session today.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.00066, $0.00068, $0.00070
Support levels: $0.00032, $0.00030, $0.00028
LBLOCK/USD is preparing for a move higher as the coin pulls back below $0.00047. This 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 $0.00040 level.
Lucky Block Price Prediction: LBLOCK/USD Gets Ready for a Rebound
The Lucky Block price is above 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 above the 50-level, any bearish movement below the lower boundary of the channel could hit the supports at $0.00032, $0.00030, and $0.00028.
On the contrary, should the buyers hold the current market at $0.00047 and push it towards the upper boundary of the channel, the bulls can look forward to the potential resistance levels at $0.00066, $0.00068, and $0.00070.
LBLOCK/USD Medium-term Trend: Ranging (1H 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 to push the coin towards the upper boundary of the channel, once this is done, the coin could hit the resistance level at $0.00065 and above, but any further bearish movement could touch the support at $0.00035 and below as the technical indicator Relative Strength Index (14) moves above the 50-level.
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