Lucky Block Price Prediction – October 17
LBLOCKUSD price has been trending in the past 24 hours. The price retracement eyes the $0.0001200 amidst the market surge, sparking investment among investors. The daily candle at the $0.0000218 high mark will go further if the current support holds. As a result, the crypto price could see a new surge to hit the $0.000450 barrier level and increase to the $0.0001200 upper resistance level as it eyes the higher level.
Key Levels:
Resistance levels: $0.0000217, $0.0000218, $0.0000219
Support levels: $0.0000143, $0.0000142, $0.0000141
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD price retracement eyes the $0.0001200 supply amidst the market surge as it remains bullish on the higher time frames. This is evident as the prices are trading slightly above the EMA-50.
The bulls’ pressure on the coin to the $0.0000228 supply value on the 10th of October has sustained the price retracement above the resistance trend levels in its recent price high.
Today, after completing yesterday’s lows at $0.0000200, the Lucky Block price experienced a price retracement to the $0.0000218 resistance level above the EMA-50 to resume the daily session.
However, the ongoing price retracement is advancing towards the $0.0000450 previous barrier, signaling a possible bullish breakout.
Further, the market is pointing up on the daily stochastic, suggesting that the price retracement may continue. Hence, the bulls are to turn around the price of LBLOCKSD to hit the $0.0001200 supply value as the price retracement eyes the upper resistance amidst a market surge in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
In the medium term, the LBLOCKUSD price retracement eyes the crucial level as it begins its bullish trend. The price is facing the resistance level, indicating a bearish momentum.
The cryptocurrency price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few hours.
The coin is experiencing price retracement from the recent correction as fresh buying emerges near the supply level following the upward race.
With the positive sentiment, the Lucky Block price retracement rallied up to the $0.0000218 resistance value below the moving averages as the 4-hour chart opens today.
Thus, a possible breakout from the $0.0000298 neckline will accelerate the buying momentum and push the prices higher to hit the 0.0000450 previous resistance levels, bolstering more buying pressure on the crypto to the upper resistance levels, amidst market surges.
Meanwhile, the LBLOCKUSD pair has a target price of $0.0001200 supply level amidst the market surge as it continues its price retracement to the upper resistance as indicated by the daily stochastic pointing upwards. Hence, the mentioned target might be reached in the coming days in its medium-term perspective.
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