Lucky Block Price Prediction – May 17
LBLOCKUSD price is likely to see an upward retracement soon after updating the downward rally. D2TUSD selling pressure may end soon and the coin price could be ready for an upward movement. If the buy investors could prove stronger up the more and defend the selling pressure at the $0.0000305 support level, an increase in the bulls’ momentum may break up the resistance level at $0.0000940 and this may increase the coin price to the $0.0001200 upper high trend line, invalidating sellers’ attempt to push the asset below $0.0000200 level.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000250, $0.0000200, $0.0000150
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is bearish in its long-term outlook. Meanwhile, the price could see an upward retracement soon as the coin market is already oversold. The price bar can be seen below the moving average lines and has confirmed its bearishness. 
The bears’ high order flow at the $0.0000309 low value during yesterday’s session has contributed to its bearish momentum in its recent low.
Today, the bears however made a drop to a $0.0000305 support level below the moving averages. Given the current trend, buyers can purchase the Lucky Block at a lower cost and push the market higher. Thus, the price tendency will climb over the crucial levels if the bulls raise their level of market tension.
Additionally, the LBLOCKUSD price is likely going to see an upward retracement soon and face the upsides as the market is now trading around the 12% range of the daily stochastic; it means that the selling pressure will end soon. This will compel the buy traders to resume an uptrend and may likely break up the $0.0000940 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
According to the chart below, the medium-term outlook for the Lucky Block market is in a bearish trend zone. The crypto price is making lower lows and lower highs below the moving average which has confirmed its bearishness.
The market has been slowed down lately below the supply level due to the high order flow from the sell traders to a $0.0000306 low level in the previous action.
Meanwhile, the current price at a $0.0000305 low value below the supply trend lines has not stale the market condition of the coin. Further, investors may seize the opportunity now and buy the coin at a lower price, and look for more gains ahead.
Additionally, further downsides are unlikely as the market price of LBLOCKUSD has reached the oversold region. Therefore, the coin price could see an upward retracement soon and this may lead the price of Luck Block to hit the $0.0001200 upper high mark soon.
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