Lucky Block Price Prediction – October 24
After completing the downward momentum, the LBLOCKUSD buyers decide to initiate an uptrend at the $0.0000286 high level. Based on the outlook, if the resistance level rises above the $0.0002197 value, a continuation of the upside is ensured.
Key Levels:
Resistance levels: $0.0001900, $0.0002000, $0.0002100
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block is possibly making its way up after hitting the $0.0000268 level to initiate an uptrend to overcome any further decline to signal a pump-up. Thus, it looks like the price will want to bounce up again in the long term.
The coin has completed its correction and is now set for an upward momentum. The bulls have decided to initiate an uptrend after a series of lows.
Today’s daily candle at the $0.0000286 resistance value below the EMA-50 suggests the returns of the buy traders in the market. The market participants are responding to this pattern, and its breakout should offer a good entry opportunity.
Hence, an increase in buying pressure with a bullish candle closing above the $0.0002197 supply value will give a better confirmation of a potential uptrend.
Similarly, there are more of bullish runs to come as the market now points upward on the daily signal, this suggests that the price of LBLOCKUSD will still definitely rise further above the current supply level soon and may likely hit the $0.001000 value in the long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD rebounded after its downside moves. The coin price now initiates an uptrend by finding its way to the overhead resistance level in its medium-term time frame. The market shows that the price may now be trading in a new ascending channel.
The bulls were able to push the Lucky Block’s price up to the $0.0000268 resistance value during the previous session and have enhanced the price to stay in green ready for an upward performance in its recent high.
The bulls could not relent anyway, so, the price movement after dropping to a $0.0000268 low level shortly after today’s 4-hour session opening, the price of LBLOCKUSD jumped up to a $0.0000286 high level above the EMA-50. This shows more bulls’ presence in the market.
Additionally, the daily stochastic indicates an uptrend: therefore, if buyers should intensify their efforts, the price might possibly retest the $0.0000440 supply level and this may extend to a $0.001000 high mark in the days ahead in its medium-term time frame.
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