Lucky Block Price Prediction- June 16
There is a possibility for the LBLOCKUSD pair to experience another bullish reversal price action and price could be ready very soon for another upward move potential. However, over the past three days, the coin price has been trading below the supply levels at the $0.0000901 low level. If the forces from buyers in the market should increase and the mentioned support level holds, the coin price may possibly retest the $0.0003429 previous swing high and this may extend to the $0.02000 upper high mark and beyond.
Levels:
Resistance levels: $0.0001950, $0.0001850, $0.0001750
Support levels: $0.0001000, $0.0000900, $0.0000800
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is trading in the bearish trend market in its long-term outlook. The price bar can be seen slightly below the moving average lines and has confirmed its bearishness. This is due to the high inflows of the sell traders.
The interference of short-term traders to the $0.0000901 low level on the 12th of June also contributed to its bearish momentum in its recent low.
The short traders dropped the coin price down to the $0.0001014 support level below the two EMAs as the daily chart resumes today. This is as a result of low bullish momentum.
Should buyers prove strongly and exchange hands with the bears at the current support, the coin price may likely witness a massive jump, which could showcased a breakup attempt from the $0.0001014 support value, thus, further selling pressure will be invalidated. Meanwhile, traders who buy the coin during the bearish trend will also make profits.
In addition to this, there is a possibility for the occurrence of another bullish cycle soon as the market value of Lucky Block now approaches the oversold region. The crypto may likely pullback at the mentioned support and begins the bullish correction trend. This may breakup the $0.0003429 previous high which might possibly reach the $0.02000 resistance value in the coming days in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The price of Lucky Block is in a bearish move in its medium-term time frame. The prices are seen slightly below the moving averages, this is due to the brief return of sellers which may soon fade off. 
The sell traders made a downward move to the $0.0001031 support level before the end of the yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.
Actions from the bears further dropped the coin price down to the $0.0001017 support level below the two EMAs as the 4-hourly chart resumes today. Should the coin price turned up from the $0.0001017 support and jump above the $0.0002300 supply mark, the bearish thesis would get invalidated. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Further, if the bulls could push higher and additional selling power is prevented, the price of LBLOCKUSD might possibly breakup the previous high of $0.0002300 value to hit the $0.02000 upper resistance level and beyond in the days to come resulting in more intraday gains for buyers in its medium-term outlook.
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