Lucky Block Enables FIAT Purchases – Now Is A Good Time To Buy

• Lucky Block enables FIAT purchases, which could be one of the major factors driving the LBLOCK uptrend. 
• LBLOCK/USD has completed a 61.8% Fibonacci retracement at $0.0018, and candle closings above this line support buying.
• Consider buying LBLOCK above $0.0018 with a target of $0.0032 or $0.0039.

Lucky Block, a crypto gaming platform, and its native token LBLOCK are among the top cryptocurrency gainers today. It skyrocketed yesterday, gaining nearly 75 to 80 percent. The current Lucky Block price is $0.002471, with $1,536,871 in 24-hour trading volume. In the past 24 hours, Lucky Block has gained 73.30 percent. Lucky Block enables FIAT purchases, which could be one of the major factors driving the LBLOCK uptrend.

With a live market cap not available, the current market rank is #3036. There is a maximum supply of 100,000,000,000 LBLOCK coins and no circulating supply. LBLOCK offers a global draw game where players engage using Blockchain technology and the Binance smart chain. Moreover, the mission of Lucky Block is to improve gaming transparency and fairness by developing a draw game where every participant has a better chance of winning while simultaneously providing a sensible investment strategy for token holders and contributing to the community.

Lucky Block Enables FIAT Purchases

The good news is that investors can now purchase LBLOCK using Fiat on the Lucky Block website or through Pancakeswap. Lucky Block intends to launch a decentralized crypto games and competitions platform, complete with jackpot reward pools, later this month to demonstrate its use case and functionality. Holders of the native coin LBLOCK or one of the project’s NFTs earn free tickets to such draws as an incentive to acquire and hold, resulting in a significant percentage gain in the run-up to the end-of-May launch. LBLOCK was also featured on Nasdaq as a bullish ‘high upside bet,’ and their charity campaign was covered by Yahoo Finance.

The Lucky Block platform’s native digital token, LBLOCK, is a BEP-20 token. The currency is used for various purposes within the Lucky Block ecosystem, including lottery ticket purchases and prize distribution. Jackpots can also be distributed instantly because rewards are distributed in LBLOCK rather than fiat money.

LBLOCK Rockets to $0.0024 – Optimision in Crypto Market in Play

Many cryptocurrencies have reacted favorably to Bitcoin’s return to $30,000 and the closing of a daily candle above that level. The current daily open on May 20th is over $30,200, implying the possibility of a small ‘altcoin season’ ahead of the weekend, when the stock market will be closed as well. Lucky Block (LBLOCK24-hour )’s volume has surpassed $1.3 million, making it one of the largest percentage gainers in terms of buying volume today.

LBLOCK is becoming increasingly popular around the world. This may be related to the recently announced $2 million prize pool for token holders. Lucky Block, a decentralized cryptocurrency prize draw and giveaway project, has announced a prize pool of over $2 million for its first free-to-enter jackpot, with a portion of the proceeds allegedly going to charity. The token has developed a “trustless” cryptocurrency game that employs smart contracts to collect and distribute rewards based on predefined parameters.

Lucky Block Technical Outlook – 61.8% Fib Retracement to Drive Uptrend

After bouncing off the $0.0018 support level, the LBLOCK/USD coin is trading at $0.0024. LBLOCK/USD has completed a 61.8% Fibonacci retracement at $0.0018, and candle closings above this line support buying. A large portion of the LBLOCK sell-off can also be attributed to a sharp drop in the cryptocurrency market. As explained in the previous report, Terra LUNA and UST have had a negative impact on Bitcoin and altcoin trading sentiment, forcing LBLOCK to postpone its launch.

However, the risk-off sentiment appears to be fading, and LBLOCK is one of the coins hoping to maintain its bullish momentum. Moreover, the LBLOCK entered the overbought zone, which triggered a bearish correction. But if the downward trendline is broken, the uptrend could keep going until the next levels of resistance at $0.0035 and $0.0039.

A surge in demand could push the LBLOCK price up to the next resistance level of $0.0039. On the 4-hourly timeframe, the LBLOCK has formed a candle with a long wick, which suggests weakness in bearish bias. Therefore, the odds of a bullish reversal remain strong. So, if you are looking for a buying spot, $0.0018 is your zone.

What If LBLOCK Breaks Below $0.0018?

On the downside, the LBLOCK/USD coin’s immediate support level remains at $0.0018. If selling pressure increases significantly, a bearish breakout below $0.0018 is possible. As a result, the LBLOCK price is likely to fall to $0.00012 or $0.00010. Consider buying above $0.0018 with a target of $0.0032 or $0.0039. Good luck!