Lucky Block Price Prediction – October 4
LBLOCKUSD will likely experience a possible reversal soon as the bullish pattern is still valid and should allow it to remain viable for a reversal and breakout. If the bulls could step in and eventually wrestle trend control from sellers and rebound from the $0.0000233 support level, the bullish momentum might drive the coin price to a high at the $0.0000450 supply trend line and target the $0.0001200 upper resistance value.
Key Levels:
Resistance levels: $0.0000250, $0.0000260, $0.0000270
Support levels: $0.0000160, $0.0000150, $0.0000140
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The LBLOCKUSD pair is poised for a possible reversal due to the bullish impact on the asset in its higher time frame. The coin price remains above the supply levels despite the bearish move.
The high impact from the bulls to a $0.0000255 supply mark in the last few days has made the Lucky Block price remain above the resistance levels in its recent low.
Today, the drop in price to the $0.0000233 low point does not affect the bullish run, as it remains in an uptrend. However, with this trend, traders may buy the coin at a low price and make future gains.
As an anticipation for a possible reversal, if the bulls could add more aggression to their purchasing tension, the LBLOCKUSD price may experience a possible reversal from the $0.0000233 support and turn upside to hit the $0.0000450 barrier level, bolstering the bullish momentum.
Meanwhile, there is a possibility of price reversal at the mentioned support level as the market is approaching the oversold region, implying that the selling momentum will end soon and The time to gain more strength by buyers is near.
As a result, the next bullish correction phase could reach a high at $0.0001200 upper supply mark in the days ahead as we watch the Lucky Block market experience a possible reversal and increase further in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The market value of Lucky Block may experience a possible reversal due to a high bullish impact on the coin. The price is above the moving averages, suggesting a bullish trend.
The increase in the momentum by the bulls at the $0.0000255 supply value on the 29th of September has enabled the LBLOCKUSD price to stay strong above the resistance lines in its recent price level.
The LBLOCKUSD price at a $0.00002 high value is undeniably bullish as the 4-hourly session opens today. This was overridden by the bears as the price dropped down to a $0.0000233 low value above the EMA-50.
Thus, buyers must redouble their efforts to experience a possible reversal and forecast a bullish increase in the market above the $0.0000330 supply mark.
More so, the LBLOCKUSD price may encounter a possible reversal soon, as indicated by the daily stochastic pointing upward in the oversold region. We therefore expect the new shift in trend to reach a high at the $0.0001200 trend mark soon in its medium time frame.
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