Image coding using alpha channel prediction may include generating a reconstructed image using alpha channel prediction and outputting the reconstructed image. Generating the reconstructed image using alpha channel prediction may include decoding reconstructed color channel values for a current pixel expressed with reference to first color space, obtaining color space converted color channel values for the current pixel by converting the reconstructed color channel values to a second color space, obtaining an alpha channel lower bound for an alpha channel value for the current pixel using the color space converted color channel values, generating a candidate predicted alpha value for the current pixel, obtaining an adjusted predicted alpha value for the current pixel using the candidate predicted alpha value and the alpha channel lower bound, generating a reconstructed pixel for the current pixel using the adjusted predicted alpha value, and including the reconstructed pixel in the reconstructed image.