Lucky Block Price Prediction: LBLOCK/USD Will Break Above the Channel
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Lucky Block Price Prediction – July 25
The Lucky Block price prediction shows that LBLOCK will cross above the upper boundary of the channel to touch the resistance level of $0.000110.
LBLOCK/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.000160, $0.000170, $0.000180
Support levels: $0.000050, $0.000040, $0.000030
LBLOCK/USD continues to range as the coin moves to cross above the 9-day and 21-day moving averages. The current movement is suggesting that bulls are coming to dominate the market. Therefore, buyers are expected to invest more as a bullish movement will resume in the market soon.
Lucky Block Price Prediction: LBLOCK/USD Will Spike High
The Lucky Block price will begin to experience an increasing volume coupled with a bullish regroup as soon as the market follows a positive direction. However, should the coin delay its bullish movement, the bears could step into the market but new buyers are expected to come into the market. Meanwhile, if the selling pressure increases, it could reach the support levels at $0.000050, $0.000040, and $0.000030.
Nevertheless, the Lucky Block price can break above the upper boundary of the channel if the technical indicator Relative Strength Index (14) crosses above the 50-level. Moreover, the potential resistance levels could be located at $0.000160, $0.000170, and $0.000180 will come to play.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
The Lucky Block price is hovering within the 9-day and 21-day moving averages as the coin consolidates. However, if the market price faces the upper boundary of the channel, it could experience an upward trend which could touch the resistance level at $0.000120 and above.
On the contrary, the Lucky Block price could retreat and slide below the lower boundary of the channel as this could hit the support at $0.000085 and below so that more buyers can come into the market. Meanwhile, the technical indicator Relative Strength Index (14) is moving above the 50-level, indicating that more buyers can come into the market.
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