Lucky Block Price Prediction – October 23
There is a possibility for the LBLOCKUSD pair to continue its rising pattern as the crypto is currently making a new correction at the support level. Thus, if the coin closes above a $0.0001602 high mark, the new rising pattern may increase the coin price to revisit the $0.0002000 previous high level to signal a potential buy for interested traders.
Levels:
Resistance levels: $0.00001900, $0.0002000, $0.0002100
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block is in a bearish trend market zone in its long-term outlook. The coin price which has just resumed its rising pattern below the supply level is very likely to continue its rising pattern. The crypto has been slowed down in recent times due to the sustained pressure from the bears at the $0.0000231 support level during yesterday’s session.
The price finds a reliable resistance at $0.0000265 value above the EMA-50 as a pullback as the daily session begins today, resulting in intraday gains for the coin investors. This will prolong the upward rally and fuel the release of more buy investors into the market.
Thus, a sharp breakout and closure above the current correction phase at a $0.0000256 high value will invalidate any bearish thesis, and then there is a high probability of the price going up to its recent swing high, which is $0.0002000 level to wade off the bearish shackles.
Adding to that, it is very likely that the LBLOCKUSD will continue with its rising pattern as shown by the daily signal which is pointing upwards in the oversold region.
In light of this, the price of Lucky Block could jump up to revisit the $0.0002000 supply mark which might possibly extend to the $0.001000 upper resistance trend level in the days ahead in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, prices are below the moving averages and have confirmed a bearish momentum. However, the bulls have just resumed the rising pattern and this may continue.
The sustained bearish pressure at the $0.0000245 support level in the previous session actually made the coin price drop below the supply level in its recent price level.
The LBLOCKUSD price rebounded and rose to a $0.0000265 high level below the EMA-50 as the 4-hour session opened today. Hence, if buyers should increase their momentum and close the 4-hour chart above the $0.0000341 resistance mark; further selling pressure will be put into a hibernation.
In a like manner, the daily signal suggests that the Lucky Block buyers may likely continue with the rising pattern and this may drive the crypto price to a $0.001000 upper high mark in the near days in its medium-term outlook.
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