Lucky Block Price Prediction: LBLOCK Supported Over $0.0045

In the crypto world, a new player has arisen; this time, the concept revolves around lotteries and gambling. The Lucky Block (LBLOCK) initiative describes itself as a cryptocurrency lottery network where everyone wins and plans to use blockchain protocols to build a global lottery with players from all around the world. LBank, a renowned cryptocurrency exchange, has launched the newly established Lucky Block initiative. The current Lucky Block price is $0.004652, with $2,875,972 in 24-hour trading volume.

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.

In the last 24 hours, LBLOCK has increased by 0.00%. The current market cap is not accessible, and the current market ranking is #2972. The circulation supply is unknown, although a maximum of 100,000,000,000 LBLOCK coins are available.

The project has gained much attention, which may be attributed to its features. Lucky Block’s (LBLOCK) most distinguishing feature is its tagline, which says, “Everyone’s a winner.” This seems counterintuitive because lottery systems always produce a single winner. The fact that, whether or not you play the lottery, as an LBLOCK token holder, you automatically get dividends from every jackpot in proportion to your holding amount makes everyone a winner. Because ten percent of each jackpot is distributed to the holders, they can earn money simply by keeping the tokens.
There isn’t much information accessible for the LBLOCK crypto because the asset, Lucky Block, was only listed a month ago. However, we analyzed past data to calculate the Lucky Block price’s expected future. Lucky Block is currently trading at about $0.004652, and it is trading above its 20-day moving average.

Lucky Block Recent Performance

LBLOCK’s performance isn’t spectacular, but it’s also not sub-par. In barely a month, the price of Lucky Block has primarily remained on an upward trend. The initial price increase was due to the token’s first public offering. The price of Lucky Block recovered and began to develop upward momentum after hitting a low of $0.001 on February 1, 2022, eventually reaching a high of $0.009 on February 17, 2022. Because the token is still in its early stages, the increase in volume is obvious as more and more investors flock to buy the LBLOCK token. The price of the coin is projected to continue to climb.

The price trend of Lucky Block (LBLOCK) shows that the token has been steadily increasing in value over the last several days. There are many suspicions that this coin is a scam because it is a new player in the crypto industry. LBLOCK has yet to prove itself as a good coin, in our opinion. The concept is novel, but the official website and a lack of documentation and facts about the crypto’s inner workings make us wary about it.

Lucky Block Price Prediction – LBLOCK Steady Above $0.0043 

LBLOCK technical outlook continues to remain mostly unchanged as we discussed in Lucky Block price prediction. During the early European session, the LBLOCK/USD tested the major resistance level of $0.0050 before reversing to the downside. Because the Lucky Block has yet to cross the $0.0050 level, the LBLOCK price may find immediate support at the $0.0040 level. If the price falls below $0.0043, it may continue to fall until it reaches $0.0032 or $0.0026. However, the upward trendline may provide support for the LBLOCK price near $0.0032. The closing of candles above this level has the potential to propel LBLOCK into an uptrend. The LBLOCK/USD has formed a symmetrical triangle pattern on the 4-hour chart, which is keeping LBLOCK trading choppy.

The immediate resistance level for LBLOCK remains at 0.0054, and a surge in demand could trigger a breakout. The price of LBLOCK may rise to the next resistance level of $0.0067 or $0.0080. A break above $0.0080 could push the coin price up to $0.0115. On the downside, LBLOCK’s immediate support levels remain $0.0050 and $0.0035. Leading technical indicators, such as the RSI and MACD, help to justify indecision. As a result, the violation of a symmetrical triangle may influence future trends in LBLOCK.

That’s all I have for now. Best regards!