Lucky Block Price Prediction- October 24
Today, the Lucky Block price reclaims position above the supply levels, showing a bullish trend over the past few hours. The coin price might grow further, an opportunity for long-term investors. As major altcoins gear up for a prolonged recovery, LBLOCKUSD is positioned for an increase. Thus, if the current support at $0.0000196 value holds, and the daily chart closes above the $0.0000298 resistance level, then there is a high probability of the price going up to its recent swing high at $0.0000393 resistance trend line to $0.0000800 upper resistance level, signaling a strong bullish outlook.
Key Levels:
Resistance Levels: $0.0000217, $0.0000218, $0.0000219
Support Levels: $0.0000140, $0.0000130, $0.0000120
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The LBLOCKUSD pair witnessed sharp growth as it reclaimed its position above the supply levels in its higher time frame, as shown in the chart below. The price is currently recovering and trades above the EMA-50 affirming its bullishness.
The bullish reversal at the $0.0000217 high value in the past session has enabled the crypto price to reclaim its position above the supply levels in its recent high.
Along with Bitcoin rallies, the Lucky Block price reclaims position above supply levels at $0.0000218, as the daily chart resumes today, indicating growing investors’ confidence in the Lucky Block ecosystem.
However, with sustained enthusiasm from the bulls, the crypto price may surge to hit the $0.0000393 previous barrier, reinforcing the recovery sentiment to a higher level.
Further, the daily stochastic indicates an uptrend, in this case, the price of LBLOCKUSD might continue to reclaim its position above the supply level and could grow further to reach the $0.0000800 upper supply mark sooner in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The Lucky Block price reclaims its position above supply levels here as the price rises slightly above the crucial line, indicating an upward rally in its medium-term view. The price bar can be seen above the EMA-50 due to the bullish impact on the market.
The bullish impact on the crypto to the $0.0000217 supply level during the previous action has made it possible for the coin price to reclaim its position above supply levels in its recent growth.
The LBLOCKUSD pair has completed its correction and is set for upward momentum. As the 4-hour session opens today, it reclaims its position above the supply level at $0.0000218, suggesting a sustainable price recovery.
If the bulls increase their price action and sustain bullish momentum far above the $0.0000298 resistance trend lines, the coin buyers may witness another rally toward the $0.0000450 high mark.
Furthermore, the Lucky Block market indicates an uptrend. If the bulls could push harder and sustain the coin price above the $0.0000298 previous high, the resulting rally may surpass the $0.0000450 level and hit the $0.0000800 psychological at the upside in the day ahead as the price reclaims position above supply levels in its medium-term perspective
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