Lucky Block Price Prediction: LBLOCK/USD Ranges Above $0.0008; A Time to Buy
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The Lucky Block price prediction shows that LBLOCK is moving sideways as the coin stays below the moving averages.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.0010, $0.0012, $0.0014
Support levels: $0.0007, $0.0005, $0.0003
LBLOCK/USD is trading below the 9-day and 21-day moving averages as the market price prepares for the north. The bullish momentum is gathering within the channel in order to reach the nearest resistance level at $0.0009. Nevertheless, should the bulls fail to push the price to the upside, the Lucky block price may continue with the sideways movement, allowing new investors to enter the market.
Lucky Block Price Prediction: LBLOCK/USD Would Make Upward Corrections
The Lucky Block price may rise and break above the 9-day moving average if the bulls put more pressure. Therefore, any further bullish movement across the upper boundary of the channel will push the price to the potential resistance levels of $0.0010, $0.0012, and $0.0014.
On the contrary, any bearish movement towards the lower boundary of the channel could hit the low of $0.0007, $0.0005, and $0.0003 support levels. Therefore, the technical indicator Relative Strength Index (14) remains around the 30-level to allow the existing buyers to buy the dips.
LBLOCK/USD Medium-term Trend: Ranging (2H Chart)
Against Bitcoin, the Lucky Block price is hovering below the 9-day and 21-day moving averages but the current bullish movement will touch the resistance level of $0.0009 and above.
However, if the sellers bring the price below the lower boundary of the channel as the technical indicator Relative Strength Index (14) heads toward 40-level, the coin could become cheaper for the new investors to enter the market as the nearest support level may be located at $0.00075 and below.
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