Lucky Block Price Prediction: LBLOCK/USD Will Surge Above $0.0010
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The Lucky Block price prediction could retreat below the moving averages so that the coin can shoot to the upside.
LBLOCK/USD Medium-term Trend: Ranging (12H Chart)
Key Levels:
Resistance levels: $0.0018, $0.0020, $0.0022
Support levels: $0.0005, $0.0003, $0.0001
LBLOCK/USD is ranging around the 9-day and 21-day moving averages. The lucky Block price is therefore getting ready to shoot towards the upper boundary of the channel. However, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market.
Lucky Block Price Prediction: LBLOCK/USD Ready for The Upside
According to the 12-hour chart, the next step for the Lucky Block price is to reclaim the resistance level of $0.0012; once this is done, bulls would now face the resistance levels of $0.0018, $0.0016, and $0.0014. However, as the technical indicator Relative Strength Index (14) moves below the 50-level, if the coin retreats a little bit to the south, the support levels of $0.0005, $0.0003, and $0.0001 may be visited, and this would be the best opportunity for the new buyers to come into the market.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
On the 4-hour chart, the Lucky Block price is sliding below the 9-day and 21-day moving averages, and it is likely to head to the lower boundary of the channel. The technical indicator Relative Strength Index (14) is still moving sideways above the 40-level.
However, if the bulls push the price back above the moving averages, the Lucky Block would rise to hit the resistance level of $0.0013 and above, but this might not come to play if the 9-day MA crosses below the 21-day MA. However, this could bring the price below the lower boundary of the channel, staying there may cause the coin to reach the support level of $0.0009 and below while the new buyers are expected to come into the market.
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