Lucky Block Price Prediction – December 16
The LBLOCKUSD pair anticipates a possible reversal at the $0.0000183 support level to resume its upside moves soon. Should the bulls push higher and close above the $0.0000330 resistance value, a bullish breakout confirmation will reflect the improved market sentiment. Hence, buyers may prolong the recovery and drive the coin prices to hit the $0.0000800 upper resistance trend level, signaling potential opportunities for coin holders.
Levels:
Resistance levels: $0.0000180, $0.0000190, $0.0000200
Support levels: $0.0000155, $0.0000145, $0.0000140
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD pair anticipates a possible reversal with a bearish sentiment in its long-term perspective. The coin is trading below the EMA-50. However, the current trend will soon be nullified as the market now approaches the oversold region.
The sustained bearish pressure at the $0.0000187 support value has made the crypto price drop below the supply levels in its recent low.
The price of Lucky Block at the $0.0000183 low value below the EMA-50 as the daily chart opens today is a result of low bullish momentum. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Meanwhile, a possible reversal is imminent at the mentioned support as the market now approaches the oversold region of the daily stochastic. As a result, the upcoming bullish rally may surge to break the $0.0000330 high mark and extend to hit the $0.0000800 supply value in the coming days in the long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The Lucky Block pair anticipates a possible reversal as it reaches an exhaustion stage in its medium-term outlook. The coin price is below the moving average line due to the high impact of the short-term traders in the price flow. 
The bearish pressure to a $0.0000187 low value in the last session has moved the LBLOCKUSD price below the resistance trend lines in its recent price level.
The Lucky Block price anticipates a possible reversal as the short traders dropped the coin price to a low of $0.0000183 beneath the EMA-50 as the 4-hourly chart opens today. Traders might seize this opportunity to invest in the coin at a lower rate.
Thus, if buyers eventually wrestle trend control from sellers and rebound from $0.0000183 support, a positive breakout above the resistance line is needed to confirm the potential Bull Run.
The LBLOCKUSD pair may experience a possible reversal at the $0.0000183 support level as the selling pressure is about to end, implying that the crypto is in the oversold region.
As a result, the emergence of buyers in the oversold region of the market is imminent, and this could encourage the breakout rally to hit the 0.0000800 supply level in the days ahead in its medium-term time frame.
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