Lucky Block Price Prediction: 61.8% Fibo Market Underpins LBLOCK

Lucky Block is on the verge of completing 61.8% Fibonacci retracement at the $0.0043 level. Despite the project having gained a lot of attention, Lucky Block (LBLOCK) failed to maintain its bullish rally. The current Lucky Block price is $0.004680, with a trading volume of $1,524,546 in the last 24 hours.

Lucky Block Recent Activity

In the last 24 hours, Lucky Block’s drop has dropped 8.54 percent. The current market cap is not provided, and the current market ranking is # 3073. The circulation supply is unknown, although there is a maximum amount of 100,000,000,000 LBLOCK coins available.

The losses could be temporary and short-lived since the characteristics that distinguish Lucky Block (LBLOCK) tend to boost investor trust. Using Distributed Ledger Technologies, blockchain technology enables faster (typically instant) prize payouts as well as comprehensive tracking and documentation, regardless of the magnitude of the victory. As a result, the blockchain makes sure that both players and tickets are real. This reduces the risk of data loss, destruction, or manipulation.

It should also be noted that the costs of running a lottery are significant, which might have an impact on revenue for prize formation and payout. If a lottery can cut expenses, more money is available for bigger rewards and technological advancements, both of which benefit players. Blockchain technology provides increased security, transparency, and resilience.

By default, the Blockchain distributed database is transparent, as all information is publicly accessible and anybody can observe transactions and draws. This interaction ledger protects the system from undetectable tampering. Furthermore, any update to the Smart Contracts Governance is subject to a three-day platform feature time-lock, which implies that any modifications can be reviewed by a third party before being implemented. These features will all probably help the coin limit its losses.

As we mentioned in the previous update, 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 coin price’s expected future.

Check out the official Lucky Block telegram channel as the LBLOCK market capitalization and other price metrics are updated when an investor purchases Lucky Block.

Lucky Block Price Prediction – LBLOCK Steady Near $0.0045 

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

The immediate resistance level for LBLOCK is still 0.0054, and a surge in demand could result in a breakout. LBLOCK’s price could rise to the next resistance level of $0.0067 or $0.0080. If the price of the coin rises above $0.0080, it could reach $0.0115. On the downside, LBLOCK’s immediate support and resistance levels remain $0.0050 and $0.0035, respectively. Leading technical indicators like the RSI and MACD aid in justifying indecision. As a result, the violation of a symmetrical triangle may have an impact on future LBLOCK trends.

That’s all I’ve got for now. Best wishes!