Lucky Block Price Prediction – January 15
The LBLOCKUSD pair can retrace soon and test its previous high of $0.0001900 high value as the coin price now trades at the oversold region of the market. If the forces from buyers in the market should increase and the current support level at $0.0000414 holds, the coin price may rise further to hit the $0.0002000 high value and beyond.
Levels:
Resistance levels: $0.0000600, $0.0000700, $0.0000800
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is in a bearish trend in its long-term view. The bears are now involved in the order flow, but it seems that the crypto price is set to retrace soon as the bulls are about to take over and push us higher. 
The sustained bearish pressure at the $0.0000428 support value during the previous action has made the crypto’s price stay below the supply trend line in its recent low.
The price responded to the shift in the market structure and is currently below the moving averages. Meanwhile, the current price at a $0.0000414 low 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.
Hence, should the bulls exchange hands with the sell traders and close above the $0.0001900 resistance value, additional intraday gains would be recorded for the buy investors.
In addition, the Lucky Block’s market is set to retrace soon as shown by the daily stochastic pointing upwards in the oversold region; we can certainly expect more gains and strength from the coin. The pair may likely retrace and grow to retest the $0.0001900 previous resistance level soon which might expose the coin price to hit the $0.0002000 upper high mark in the days ahead in its medium time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD price which indicates a bearish sentiment may retrace soon in its medium-term perspective. The coin is trading below the EMA. However, the current trend will soon be nullified as the market has now resumed its bullish race to the overhead resistance.
The sustained bearish pressure at the $0.0000428 support value has made the crypto price drop below the supply levels in recent times. However, the bulls are now set to further swing up the coin price to its new resistance trend levels.
The coin price on the 4-hourly chart today has now retraced and is currently facing resistance and trading at the $0.0000451 correction level. Further, the rising prices reclaimed more confirmation for a bullish recovery.
Therefore, if the bulls should increase their tension in the market, the price tendency will move above the key levels. Further, the rising prices reclaimed more confirmation for a bullish recovery.
Additionally, the daily stochastic remains in an upward direction in the oversold region. Hence, if the coin buyers manage to break above the $0.0000790 previous supply trend line, the market participants may witness a new recovery rally and this may likely reach the $0.0002000 high mark in the days ahead in its medium-term time frame.
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