Lucky Block Price Prediction- October 24
LBLOCKUSD may likely bounce up to resume its bullish race soon. Should The bulls push higher and sustain above the $0.0002500 resistance value, further bearish pressure will be nullified and this may likely move the coin price up to the $0.4000 supply mark.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002038, $0.0001938, $0.0001838
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The market value of LBLOCKUSD can be seen in a bearish scenario in its long-term outlook. This is due to interference from the sell traders.
The bulls also hindering the market price of Lucky Block from being smashed by the bears made a ride to the $0.0002108 supply level after which the sellers dropped the price down to the $0.0002025 support mark below the EMAs.
However, the breakout rally followed by a reversal at a $0.0002044 high value indicates that buyers are confident of sustaining higher prices.
Importantly, more bounce is ahead of the crypto as the price indicator now points up in the oversold region. With this new phase, the price may likely reach a $0.4000 high level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (15-Minutes Chart)
LBLOCKUSD is on the positive side of the lower time frame. The price now trades above the EMA-9, which is an indication of an uptrend.
After the completion of dip lows, the buyers caused a rise to the $0.0002046 supply value above the EMA-9 to resume its bullish race.
This sharp pullback in the crypto’s price accentuates that the excess buying pressure has stabilized, and the price could rise further again if the market sentiment doesn’t witness any unfavorable situation.
More so, the Lucky Block price will still go up as indicated by the daily stochastic which is pointing upward. We can therefore expect the new trend to reach a high at the $0.4000 trend mark soon in its lower time frame.
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