Lucky Block Price Prediction- October 14
Today, the LBLOCKUSD market is poised for an upside reversal as it remains upward. The slight selling pressure may end soon, and the coin price could experience a turnaround to begin its bullish ride. Based on the outlook, if a renewed surge in buyer interest occurs, the coin price might turn positive to surpass the $0.0000398 previous barrier, obtaining a higher footing to rise higher.
Key Levels:
Resistance levels: $0.0000230, $0.0000240, $0.0000250
Support levels: $0.0000180, $0.0000170, $0.0000160
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD is poised for an upside reversal as the selling pressure is about to end to begin its bullish ride in its long-term view. The price is in red above the EMA-50, indicating an upward momentum and the high impact of buyers in the market.
The sustained bullish pressure to a $0.0000228 high mark on the 10th of October has made the crypto price remain above the supply trend levels at its recent price level.
At the press time, the Lucky Block price was poised for an upside reversal as it dropped to a $0.0000218 low level above the resistance trend line, suggesting a bullish trend.
Thus, the current market value has not stale the market condition of the coin as it remains intact. Further, investors may seize the opportunity now and buy the coin at a lower price, and look for more gains ahead.
However, if a renewed surge in investors’ interest occurs, the LBLOCKUSD price may experience an upside reversal to hit the $0.0000398 barrier, footing the potential to rise further.
Further, staying above the supply levels will give the Lucky Block pair the tendency to experience an upside reversal at the $0.0000218 current support level. As a result, the crypto price may turn upside to hit the $0.0001200 upper high mark soon, suggesting a good entry point for coin buyers in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
On the medium-term chart, LBLOCKUSD is poised for an upside reversal as it reaches the oversold region. The coin price is below the moving average line, indicating a bearish trend.
The sustained bearish pressure on the coin to a $0.0000226 low value in the past session has dropped the coin price below the supply level in its recent low.
Today, the Lucky Block market is poised for an upside reversal as it dropped to a low of $0.0000218 below the EMAs shortly after the commencement of the 4-hourly chart begins.
Thus, if buyers increase their buying motives the crypto price may experience an upside reversal and rebound from $0.0000218 support to retest the $0.0000330 supply level, signaling a good entry point for coin buyers.
Additionally, the LBLOCKUSD pair has fallen below the 20% range of the daily stochastic, indicating the coin price is poised for an upside reversal if buyers step in. We will now be looking into the emergence of buyers in the oversold region of the market.
As a result, the price could pump or surge upsides to hit the $0.0001200 resistance value in the days ahead as the price poised for an upside reversal in its medium-term outlook.
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