Lucky Block Price Prediction- February 20
There is a possibility for the LBLOCKUSD pair to resume the uphill rally soon. The coin may likely experience a bullish reversal price action and the price could be ready very soon for another upward move potential. If buyers could prove stronger and exchange hands with sellers at the current support level at $0.0001550 holds, the coin price may possibly retrace to retest the $0.0002071 previous high and beyond.
Levels:
Resistance levels: $0.0002100, $0.0002200, $0.0002300
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
Lucky Block is in a bearish trend market zone in its long-term outlook. This is due to the inflow from the sell traders. The sustained pressure from the bears at the $0.0001455 support level in the past few hours has contributed to its bearishness in its recent low.
Today, the bulls however made an increase to a $0.0001634 high level after which the short traders intervened and smashed the price down to a low of $0.0001548 level below the moving averages. With this current trend, buyers can pick up the price at a cheaper rate and move the market further up. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
In a like manner, LBLOCKUSD is likely going to reverse and face the upsides as the market is now trading around the 30% 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 $0.0002071 supply level soon in its higher time frame.
LBLOCKUSD Short-term Trend: Bearish (1H Chart)
The LBLOCKUSD price is in a bearish move in its short-term outlook. The prices are seen slightly below the moving averages, this is due to the brief returns of sellers which may soon fade off. 
The interference of the bears at the $0.0001455 support level in the previous action has made the crypto price trade below the supply trend level.
The bulls actually caused a rise to a $0.0001634 high level after which the short traders returned briefly and dropped the price of the Lucky Block down to the $0.0001548 support value below the moving averages shortly after the 1-hourly session opened today. It is worth of note that traders who buy the coin during the bearish market will also make a profit.
Moreover, there is a higher probability of the price breaking up its resistance level of $0.0001810 and going up much further if the bulls could add extra effort to their buying activities.
Next, the coin has fallen below the level of 30% of the daily stochastic. It indicates that the pair is now in the oversold region of the market. It implies that the selling pressure is likely to run to an end. We will now be looking into the emergence of buyers in the oversold region of the market. The price action may possibly retest a high of $0.0002071 high level and beyond as we watch the market in a bullish scenario soon in its lower time frame.
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