Lucky Block Price Prediction – August 16
Despite an overall downward trend, the LBLOCKUSD price is attempting the next big bounce as the coin price rises within an ascending channel. The crypto is increasing, and a breakout could lead to a further rally. Therefore, a bullish crossover above the $0.0000885 high mark will encourage the buy investors for a prolonged correction, and this might reach a high at the $0.0001200 upper supply trend line, suggesting that buyers are strategically accumulating Lucky Block, driving up demand.
Levels:
Resistance levels: $0.0000450, $0.0000500, $0.0000550
Support levels: $0.0000170, $0.0000160, $0.0000150
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is attempting the next big bounce as it faces the resistance level in its long-term outlook. The price bar can be seen in green, slightly below the moving average lines, confirming its bearishness. 
The interference of short-term traders to the $0.0000113 low level in the past few days has contributed to its bearish momentum in its recent high.
Today, the Lucky Block price at $0.0000177 supply value below the EMA-50, as the daily chart opens, suggests that the coin price is attempting the next big bounce, resulting in an intraday gain.
Such lower price rejection indicates that buyers are defending this level and attempting to push the price higher. Hence, a strong push above the $0.0000885 supply level will offer strong resistance to the crypto price.
Also, LBLOCKUSD is showing more upside possibilities as we can certainly expect more strength from the coin and this may likely get to a $0.0001200 upper resistance mark in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD rebounded after its downside moves. The coin is now attempting the next big bounce finding its way to the overhead resistance level in its medium-term time frame. The market shows that the price may now be trading in a new ascending channel.
The bulls have sustained the cryptocurrency market at the $0.0000174 supply value in the previous action and this has made it possible for the coin to attempt the next big bounce and stay above the trend line in its recent high.
The momentum remains in an uptrend despite the push from the short traders, the bulls made a touch at the $0.0000177 high mark above the EMA-50 as the 4-hourly chart resumes today, proving the impact of bullishness on the crypto as it attempts the next big bounce.
Hence, the bullish momentum might be triggered and the Lucky Block price may likely increase to break up the $0.0000223 previous high value soon if the current support remains unmoved and the bulls should speed up their activities in the market.
In addition, with the coin price attempting the next big bounce, the momentum indicator shows that the current trend might continue, indicating that the LBLOCKUSD price will still bounce up, so we expect the price distribution to reach the $0.0001200 supply level and beyond in the coming days in its medium-term-term outlook.
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