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Lucky Block Price Prediction: LBLOCK/USD Gets Ready for A Retracement Above $0.000150

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Lucky Block Price Prediction: LBLOCK/USD Gets Ready for A Retracement Above $0.000150

Lucky Block Price Prediction – June 5

The Lucky Block price rebounds from the early dip at $0.000102 as the buying interest may increase on approach to $0.000150.

LBLOCK/USD Long-term Trend: Bearish (1D Chart)

Key levels:

Resistance Levels: $0.000200, $0.000210, $0.000220

Support Levels: $0.000030, $0.000020, $0.000010

Lucky Block Price Prediction: LBLOCK/USD Gets Ready for A Retracement Above $0.000150
LBLOCKUSD – Daily Chart

LBLOCK/USD is ranging as the market establishes a cross above $0.000113 but currently rebounding to retain the previous resistance at $0.000111. The buyers may begin to look for some resistance levels if the coin crosses above the 9-day and 21-day moving averages.

Lucky Block Price Prediction: LBLOCK Price May Reclaim $0.000120 Resistance

In the past few hours, after the Lucky Block price touches the daily low of $0.000102, the coin could now face the resistance level of $0.00115 and look forward to reclaiming the resistance level of $0.000120. However, the daily chart reveals that if the 9-day moving average crosses above the 21-day moving average, it will confirm the next direction of the coin.

At the time of writing, the technical indicator Relative Strength Index (14) may keep moving above the 40-level to indicate a bullish movement. Therefore, if the Lucky Block price breaks above the 9-day and 21-day moving averages, it could hit the resistance levels of $0.000200, $0.000210, and $0.000220, but any bearish movement below the lower boundary of the channel could hit the supports at $0.000030, $0.000020, and $0.000010.

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

According to the 4-hour chart, the Lucky Block price is seen moving sideways within the 9-day and 21-day moving averages as the technical indicator Relative Strength Index moves above the 40-level. From above, if the Lucky Block price heads toward the upper boundary of the channel, the bullish influence could spike, and the accrued gains above the channel.

LBLOCKUSD – 4 Hour Chart

However, the current candle could fail to cross above the moving averages, and the ultimate target remains at $0.000095 and below but the best the bulls can do is to hold above the resistance level of $0.000111 and keep their attention on breaking the potential resistance at $0.000130 and above.

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