Lucky Block Price Prediction – April 16
LBLOCKUSD‘s price is very likely to see another retracement at the current support level of $0.0000244 as the market is oversold already. The coin price may likely reverse in a bullish direction, and it may soon be prepared for another probable upward surge if the current support holds. If this is achieved, the price action may turn upside to hit the previous high at the $0.0000940 level which might extend to a $0.0001200 high level, resulting in a greater profit for the coin holders.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block‘s price is in a bearish market at the moment. Further, the price could see another retracement soon as the selling pressure will soon end. The price bar can be seen below the moving average lines and has confirmed its bearishness. 
The interference of short-term traders to the $0.0000251 low level during the past session has contributed to its bearish momentum in recent times.
At the time of writing this article, sellers dropped the LBLOCKUSD price to a $0.0000244 low level below the EMA-50 trend line as the daily chart opens today.
However, the coin price could see another retracement at the mentioned current support level; traders can buy the crypto at a low price with this current trend and make more gains in the future.
Notably, the Lucky Block market is now trading around the 2% range of the daily stochastic; it means that the selling pressure will end soon and the price could see another retracement at the $0.0000244 support level. This may likely break up the $0.0000940 to reach a $0.0001200 supply level in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The LBLOCKUSD price could see another retracement at the current support level as the market is oversold already. The price actions can be seen below the moving average which confirms its bearishness.
The sustained pressure from the bears at the $0.0000251 support level during yesterday’s session has contributed to its bearishness in its recent low. Meanwhile, another retracement is about to take place as the market is now oversold.
Today, sellers inflow dropped the price of Lucky Block down to a low at $0.0000244 level below the moving average shortly after the 4-hourly chart opens today. Thus, traders can buy the coin at cheaper rates at this moment to have more gains ahead.
Adding to that, there is a possibility of another price retracement at the mentioned support as the price of Lucky Block now trades at the oversold region.
This means that the buying pressure is about to commence, therefore, if the bulls should add more efforts to their tension in the market, the bullish correction race could reach the $0.0001200 resistance mark in the days to come in its medium-term perspective.
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