Lucky Block Price Prediction – October 25
The market value of LBLOCKUSD is presently going up. The coin will grow further if the current support at $0.0000239 holds and the daily chart closes above the $0.0001500 resistance level, then there is a high probability of the price going up to its recent swing high, which is $0.0001900 resistance trend line which might possibly extend to the $0.0010000 upper resistance level resulting into an intraday gain for the coin buyers.
Key Levels:
Resistance levels: $0.0001000, $0.0001100, $0.0001200
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
As an outcome of low bullish momentum, the LBLOCKUSD trades in a bearish trend in the long-term outlook. The price bar can be seen trading below the EMA-50. However, the bulls are now set to increase the trend and the price will grow further to break up the resistance level soon.
The bearish pressure at the $0.0000239 support level in the past few days has made the coin price stay below the supply trend levels in its recent price level.
The coin price at a $0.0000322 resistance value below the moving average is undeniably bullish as the daily session opens today. This is an indication that the bulls are returning gradually for an increase in the coin price and to command Lucky Block’s price actions.
Thus, the coin price will grow further if the buy traders can add more pressure to their buying actions in the market.
Notably, the daily stochastic indicates an uptrend, in this case, the price of Lucky Block might continue its bullish trend pattern and the price could grow further to reach the $0.001000 supply mark sooner in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD pair is positive in its medium-term time frame, trading in a bullish trend.
The price opened lower but managed to trade in green over the past few hours. The buy traders are now actively involved in the order flow and have set the coin price to grow further.
The price currently trades above the EMA-50. This breakout triggers a smooth bull cycle pattern, which in theory, should lead the prices to an overhead trend line.
The bulls’ pressure on the currency pair in the past few hours has made it possible for the price to remain in an upward trend zone in its recent high.
The coin has completed its correction and is now set to grow further for upward momentum. The bulls have decided to shift the trend up after a series of lows shortly after today’s 4-hour chart opens.
An increase to the $0.0000322 supply value above 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.
In addition, the LBLOCKUSD price will grow further and may likely break the $0.0000440 resistance value if the bulls could put additional effort into their buying motives, this may drive the crypto price to the $0.0010000 supply value soon in the medium-term time frame.
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