Lucky Block Price Prediction: Double Bottom $0.0021 to Drive Uptrend
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Lucky Block has quickly become one of the year’s most popular cryptocurrencies. Thanks to several interesting ownership benefits and the possibility of profiting from price increases. In this update, we will focus on the Lucky Block price prediction.
The Lucky Block is now trading at $0.002835 with a 24-hour trading volume of $1,954,338. Within the last 24 hours, the Lucky Block has increased by 8.49 percent. The current market position is # 3068, with a market capitalization not reported. Even though there are 100,000,000,000 LBLOCK coins in circulation, it’s not clear how many are in use.
Lucky Block (LBLOCK) NFT in Focus
Lucky Block, the decentralized lottery ecosystem whose native crypto assets have increased by more than 6,000 percent. Since its inception in January 2022, LBLOCK has released its much-anticipated NFT series.
Only 10,000 Lucky Block NFTs will ever be produced, and as a token holder, you will be entitled to a variety of benefits. Lucky Block is a cryptocurrency project founded in early 2022 that specializes in decentralized lottery games. The Lucky Block ecosystem, which can be accessed via the best crypto mobile app or desktop software, enables people all over the world to play games in a safe and transparent manner.
Check out the official Lucky Block telegram channel as the LBLOCK market capitalization and other price metrics are updated when an investor purchases LBLOCK .
How Lucky Block NFT Works?
Smart contracts support each Lucky Block game, ensuring that players participate in a fair and entirely random number-drawing process. Since there are no jurisdictional constraints, the jackpot awards are projected to be considerable.
Since its inception on Pancakeswap on January 26th, 2022, the Lucky Block crypto token has gained nearly 6,000 percent. The crypto markets have reacted positively to this novel concept.
The Lucky Block team has been hard at work on the creation of its NFT series since the token’s introduction. There are 10,000 Lucky Block NFTs available for purchase online, each of which is unique in nature. When you purchase a Lucky Block NFT through the launchpad campaign, you will pay $1,500 in wBNB.
Lucky Block Price Prediction – Benefits of LBLOCK NFT
The first advantage of buying a Lucky Block NFT is that you will be guaranteed entry into the daily lottery drawing. This daily lottery draw is separate from the main Lucky Block game and is exclusively available to NFT holders. Furthermore, the NFT jackpot will be equal to 2% of the main lottery payout. This is estimated to be $10,000 by the Lucky Block team.
Most notably, if you buy a Lucky Block NFT, you can enter the lottery every day for the rest of your life. This means that as long as you own an NFT, you have a chance to win a jackpot prize every day.
The Lucky Block development team, on the other hand, is looking for listings on some of the most popular cryptocurrency exchanges, for instance, Binance, Crypto.com, and FTX. If LBLOCK is accepted for listing on these exchanges, it will greatly increase the token’s accessibility to investors, potentially resulting in long-term price increases.
The LBLOCK development team has applied for listings on several popular centralized exchanges (CEXs) in the near future, including Crypto.com, Kucoin, OKex, and FTX. When LBLOCK is listed on these exchanges, it will be much easier to invest in the token, which will result in a price increase. Lucky Block has partnered with well-known sites such as DeFi Swap and StakeMoon to increase liquidity. Because it will become more popular and work with other major blockchains, the price of Lucky Block Network is expected to rise in 2022, with a maximum trading price of $0.020.
Lucky Block Price Prediction – Descending Triangle in Play
The LBLOCK, as previously stated, is supported and remains bullish above the major support level of $0.0021. The LBLOCK/USD coin is currently trading at $0.0027 with a mixed bias. The LBLOCK/USD has tested a double bottom support level of $0.0021 on the 4-hour timeframe. The closing of candles above this level is likely to drive the coin into an uptrend.
On the upside, the LBLOCK/USD coin may encounter the next resistance at $0.0029. A bullish crossover above this level can propel an uptrend all the way to 0.0035. The descending triangle pattern’s downward trendline will extend major resistance at the 0.0035 zones. A break above this trendline is likely to present a good buy opportunity.
As a result, the LBLOCK price may rise to 0.0039 or 0.0048. On the upside, the LBLOCK price will be tested against the 0.0057 resistance level.
On the down side, the LBLOCK/USD coin’s immediate support is at $0.0021. A surge in selling bias can cause a bearish breakout under the $0.0021 level, leading the LBLOCK price all the way to the $0.0014 level. Consider buying above the $0.0021 level with the goal of reaching the $0.0035 and $0.0039 levels. That’s all I have for now. Best regards!
