Lucky Block Price Prediction – January 16
The LBLOCKUSD pair can retest the $0.0001602 high value soon as the coin is now correcting the upside at the moment. If the forces from buyers in the market should increase and the current support level at $0.0000432 holds, the coin price may rise further to retest the $0.0001602 high and beyond.
Levels:
Resistance levels: $0.0000600, $0.0000650, $0.0000700
Support levels: $0.0000400, $0.0000350, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is in a bearish trend in its long-term view. The coin may likely retest the previous high of $0.0001602 value as the bulls are about to take over and push us higher. 
The sustained bearish pressure at the $0.0000432 support value during the previous action has made the crypto’s price stay below the supply trend line in its recent price level.
Meanwhile, the current price at a $0.0000446 high value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Additionally, the Stochastic is also showing the LBLOCKUSD market is already oversold. This means that the selling pressure has ended. This will compel the bulls to resume the bullish trend to retest the $0.0001602 supply level; the $0.001000 resistance level might be reached in the days to come in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The market price of LBLOCKUSD is currently trading in the bearish market zone. This is due to the inflows from the sell traders. The coin price having rebounded, may likely retest its previous high of $0.0001602 soon to achieve more gains for the coin buyers.
The sell traders’ move to the $0.0000437 support level before the end of yesterday’s session has made the coin price drop below the supply levels in its recent low.
Hence, after completing the lows, the coin price has increased to a $0.0000442 high level below the EMA as a pullback from the bulls as the 4-hour chart resumes today. This is a result of more concerns from the buy investors.
Should the bulls add more pressure to their forces to their buying momentum, the price of Lucky Block could retest the $0.0001602 resistance value, resulting in additional intraday gains for the buy investors in the medium-term outlook.
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