Lucky Block Price Prediction: LBLOCK Up 19%, Is It Heading for $0.0065?
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- LBLOCK reached a high of $0.005225 after opening the day at $0.004955.
- Lucky Block got listed on LBANK, and the coin is now available to all LBank Exchange users.
- Consider buying positions above $0.0052 with a target price of $0.0065 or $0.0078.
The current Lucky Block price is $0.005287, up 19% in the last 24 hours. The market capitalization of Lucky Block is $533,271,836. The volume of LBLOCK in 24 hours is $1.88M. It is ranked 2505 in terms of market capitalization. Lucky Block is traded on two exchanges, the most active of which are PancakeSwap V2 ($1.28M) and Lbank ($568,355).
Five days ago, Lucky Block reached an all-time high of $0.007374. Lucky Block has had 100 percent transparent volume over the last day and has been trading on 7 active markets, with the highest volume trading pairs being BNB ($1.28M), USDT ($568,355), and BUSD ($480.68).
The popularity of Lucky Block, the crypto-lottery platform, continues to increase dramatically. On Monday, LBLOCK reached a high of $0.005225 after opening the day at $0.004955. As we discussed in our previous LBLOCK price prediction update, the reason behind such an uptrend can be the listing of LBLOCK on LBANK.
So far, the LBLOCK has done well, trading in line with my Lucky Block price prediction. So, if you’re new to this token, allow me to walk you through it quickly.
LBANK Exchange Lists Lucky Block
Back on Feb. 11, 2022, Lucky Block got listed on LBANK, and the coin is now available to all LBank Exchange users. Investors can trade the LBLOCK/USDT pair on LBANK exchange. People’s interest in the lottery has never waned, and with the advent of the internet, online lotteries have not only become possible, but also easier and more accessible. However, many issues remain in terms of security, speed, and liquidity.
Using blockchain protocols, LBLOCK can create a global lottery system for players. It focuses on security, transparency, and fairness, creating a global lottery where every player has a better chance of winning, offering a solid investment strategy for token holders, and contributing to charitable causes and its community.
Lottery platforms that are hosted on a centralised server are vulnerable to hacking, and physical machines can be easily rigged. To ensure that this does not happen, Lucky Block built its system on blockchain technology, incorporating fundamental features that effectively reduce such risks.
Furthermore, blockchain technology, through distributed ledger technologies, enables faster prize payouts as well as full tracking and recording, regardless of payout size. It also certifies both players and their tickets, lowering the possibility of data loss, destruction, or tampering.
Check out the official Lucky Block telegram channel as the Lucky Block market capitalization and other price metrics are updated when an investor purchases Lucky Block.
Lucky Block Price Prediction – Why $0.0055 is Crucial for LBLOCK?
During the early Asian session, the LBLOCK/USD reversed earlier gains and fell from $0.0050 to $0.0047. However, the coin made an amazing recovery to trade at the $0.0054 level. On the hourly timeframe, we have applied a Fibonacci extension indicator and that’s suggesting a potential uptrend in LBLOCK.
The LBLOCK/USDT has formed a candlestick pattern “Three White Soldiers” that are supporting a solid uptrend. On the higher side, the resistance continues to stay at 261.8% Fibonacci extension level at $0.0055 or $0.0058 level. A break above the $0.0058 level can expose the coin price towards $0.0065.
Furthermore, LBLOCK price is likely to stay bullish, as it has already violated an ascending triangle pattern that’s extending resistance at $0.0050. The formation of candles outside this triangle is supporting the chances of bullish trend continuation.
On the bearish side, LBLOCK’s immediate support remains at $0.0050 and $0.0045, with a triple bottom level at $0.0050. This is also an indication of a possible bullish reversal. Leading technical indicators, such as the RSI and MACD, support an uptrend. Consider buying positions above $0.0052 with a target price of $0.0065 or $0.0078.
Speaking about the Lucky Block weekly price prediction, it’s seems bullish, and it may lead the LBLOCK price higher towards $0.0075, with a breakout providing additional buying room until $0.0085. Furthermore, a surge in demand could propel the LBLOCK price to the next target levels of $0.0090 and $0.0098.
That’s all I’ve got for now. Best wishes!
