Lucky Block Price Prediction: Can LBLOCK Slice Through $0.0016 Mark?
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Lucky Block made a big splash in early 2022, thanks to a lot of excitement from the mainstream media and social media. For investors, the platform’s unique use case and tremendous growth potential have combined to make LBLOCK one of the most talked-about cryptos this year.
LBLOCK, which is built on Binance (BSC), pledges to be dedicated to developing a world-class crypto gaming platform on which everyone wins. In the iGaming ecosystem, every jackpot won rewards players with instant payouts, no transaction fees, and amazing prizes. On its platform, LuckyBlock also promises to reduce draw times and allow for many draws each day.
Lucky Block Price Review
According to LBLOCK, its low-margin operations will allow customers to engage in gaming activities that are exactly suited to their risk appetite, resulting in greater chances. The current LBLOCK price is $0.001441 USD, with a trading volume of $759,363 USD in the last 24 hours.
In the previous 24 hours, LBLOCK’s increased by 9.74 percent. With a live market cap of not available, the current market position is # 3306. There is no circulating supply and a maximum supply of 100,000,000,000 LBLOCK coins.
LBLOCK to Sponsor Dillian Whyte
Lucky Block, a cryptocurrency sports betting platform, is sponsoring Dillian Whyte, a heavyweight boxer, in his fight against Tyson Fury in the fight of the century. The WBC heavyweight championship fight at Wembley Stadium last week was one of the most important contests ever held in the United Kingdom.
Dillian Whyte is being sponsored by LBLOCK for an undisclosed sum, according to agreements signed and exchanged last week. With Lucky Block’s entry into boxing, cryptocurrency companies are gaining a reputation as sports sponsors, and blockchain entrepreneurs are breaking new ground. This may have a positive impact on the LBlock’s value.
Can Recent Dip in LBLOCK Offer a Buying Trade?
Following some significant price spikes earlier this year, the value of LBLOCK has dropped. It’s now trading at the same level as it did in late March. If LBLOCK can recover from the next support level around $0.001500, we could see a return to the highs of $0.003900 by the end of the year.
By 2023, we anticipate that Lucky Block will be fully operational and conducting the regular draws mentioned in the platform’s whitepaper. If this occurs, it will draw more users to the platform, bringing the LBLOCK price closer to $0.01000.
The LBLOCK team would most likely begin tackling the other parts of the platform’s roadmap, such as metaverse integration and their crypto-education platform, in the coming years. They will once again provide additional reasons to own LBLOCK, implying that the price may rise to $0.025000 by 2025.
Lucky Block Price Prediction – Bullish Bias in Play
Recalling our previous Lucky Block Price Forecast, the technical outlook hasn’t changed a lot. On Monday, the LBLOCK/USD coin was trading at $0.0015 with a slight bullish bias. During the previous week, LBLOCK/USD tested a double bottom support level of $0.0013, however, it failed to slice through. It managed to close daily candles above the $0.0013 support level.
At the moment LBLOCK is trading with a bullish bias at the $0.001530 level. It’s gaining strong support at the $0.001503 level. The breakout of this level is likely to drive strong selling until the next support level of $0.001420 level.
On the higher side, a surge in demand can lead LBLOCK price towards the next resistance level of $0.001834. The 38.2% Fibonacci retracement level extends such resistance. A surge in demand could slice through LBLOCK price towards the 50% Fibonacci level of $0.001896.
Further on the higher side, a slice through the $0.001896 level can expose the token price towards the next resistance level of $0.001920 level.
On the downside, the LBLOCK/USD coin’s immediate support level stays at the $0.00150 level. A sharp increase in selling pressure could result in a bearish breakout under the $0.00150 level. Consequently, the LBLOCK price is likely to be exposed to the $0.0012 level or $0.0006. Consider buying above $0.001803 with a target of $0.0027 or $0.0033. That is all I have for the time being. All the best!
