Very possible. You can make sequels, prequels or even relive the same dream making differnt choices and leading it down another path.

If you want an epic dream full out LDs are actually not the way to go. Seeded Semi-lucids will give better results. (New stuff i've been playing around with, i'll be making a topic bout it sooner or later)

Anyways, this topic should help you in your story enjoyment.