Lucky Block Price Prediction: LBLOCK/USD Falls to $0.00516; It’s Time to Buy

 

The Lucky Block price prediction drops to touch the daily low of $0.00516 as the price dips for new buyers to surface.

LBLOCK/USD Medium-term Trend: Ranging (4 Hour Chart)

Key Levels:

Resistance levels: $0.0065, $0.0070, $0.0075

Support levels: $0.0040, $0.0035, $0.0030

LBLOCK/USD is now recovering towards the resistance level of $0.0055 after the coin touches the daily low at $0.000516. However, the buyers quickly grab the Lucky Block (LBLOCK) and push it to cross above the 9-day moving average. Therefore, if the sellers bring the market further lower once again, more buyers are expected to buy the dip.

Lucky Block Price Prediction: LBLOCK Ready for The Upside

Looking at the 4-hour chart, the Block Lucky price is now retracing back to the upside, but buyers should watch for the next bearish signals for them to buy the dips. On the other hand, the coin may fall more if the technical indicator Relative Strength Index (14) crosses into the oversold region, the coin may experience new buyers coming into the market. Any further supports may be located at $0.0040, $0.0035, and $0.0030.

However, should the buyers hold the current support of $0.0052 and begin to climb higher; the bulls can expect immediate resistance to be located at $0.0060. Any further bullish movement above the upper boundary of the channel may hit the resistance level of $0.0065, $0.0070, and $0.0075.

LBLOCK/USD Medium-term Trend: Bearish (2 Hour Chart)

On the 2-hour chart, the Lucky Block price may cross below the lower boundary of the channel, but this may give new buyers to enter into the market. Nevertheless, the existing buyers are also expected to buy any dip as the market gathers momentum to begin another bullish movement.

From above, if the buyers push the price above the upper boundary of the channel, higher resistance lies at $0.0060 and above. Moreover, should the coin retreat and slide towards the lower boundary of the channel, another support may come at $0.0045 and below while the Relative Strength Index (14) stays within the oversold region.