Lucky Block Price Prediction: LBLOCK/USD Would Break Above the Channel
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Lucky Block Price Prediction – August 4
The Lucky Block price prediction shows the LBLOCK could create additional gains as soon as it crosses above the upper boundary of the channel.
LBLOCK/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000130, $0.000140, $0.000150
Support levels: $0.000070, $0.000060, $0.000050
According to the daily chart, LBLOCK/USD is likely to have a bullish cross above the upper boundary of the channel. At the moment, the Lucky Block price is hovering below the 9-day and 21-day moving averages while the signal line of the technical indicator Relative Strength Index (14) is moving in the same direction below the 50-level.
Lucky Block Price Prediction: LBLOCK Bulls Will Dominate the Market
The Lucky Block price is preparing for the bullish movement as the buyers regroup to increase the buying pressure. Meanwhile, if the coin maintains the bullish movement, it will cross above the upper boundary of the channel where it can hit the resistance levels of $0.000130, $0.000140, and $0.000150. On the downside, if the Lucky Block price drops and heads toward the lower boundary of the channel, it could reach the support levels at $0.000070, $0.000060, and $0.000050.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
LBLOCK/USD is trading below the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) moves sideways below the 50-level. On the contrary, a possible bearish drop could surface and any further bearish movement below the lower boundary of the channel could bring the coin to the support level of $0.000094 and below.
However, if the bulls push the coin higher, the LBLOCK price can head toward the upper boundary of the channel. Once it crosses this barrier, the market price would hit the resistance level of $0.000108 and above. Moreover, the trading volume is coming up slowly and will begin to climb higher if the technical indicator moves to the positive side.
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