Lucky Block Price Prediction: LBLOCK Repaints $0.0021, Double Top in Play
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- Lucky Block rising after release of news of its LBank listing on Friday 11 Feb.
- The global cryptocurrency market capitalization increased marginally to $1.9 trillion from $1.88 trillion.
- LBLOCK/USD price is holding at around $0.002016, exhibiting a dramatic uptrend.
Lucky Block, the crypto-lottery platform, recently announced its listing the LBank exchange and CoinSniper, and is encouraging substantial upward price movement.
The price of LBLOCK has soared to trade below the $0.0021 level. According to CoinMarketCap, Lucky Block now has a market cap of more than $63 million. The figure rises to more than $180 million when the total supply of LBLOCK tokens is considered.
So far, the LBLOCK has been fairly optimistic, trading in line with my Lucky Block price prediction. So let me walk you through it quickly if you’re just getting started with this token.
Lucky Block to List on LBank
The Hong Kong-based LBank exchange, which has a daily trading volume of more than $1 billion, announced on its website that it would soon list the Lucky Block token, LBLOCK.
“LBank will list LBLOCK(Lucky Block) soon, please refer to subsequent announcements for details,” the exchange website states. Trading will begin on Friday 11th Feb at 10am GMT+0.
The announcement comes after the lottery platform token was listed for the first time on the PancakeSwap decentralized exchange on January 26th, following a sellout presale that raised $5.7 million.
Lucky Block’s price has been rising all weekend in anticipation of a listing on a centralized exchange, and it is now trading at $0.002016. Although it was initially assumed that Lucky Block would be listed on the Japan-based Liquid.com exchange. However, LBank is a much larger exchange with an even larger profile in Asia. Moreover, LBank has over 1.4 million unique weekly visitors and a trading volume seven times that of Liquid.
Lucky Block has been added to CoinSniper
Recently, the price of Lucky Block has risen as a result of a recent tweet about getting listed on CoinSniper. Besides, the Lucky Block CEO, Scott Ryder, informed token holders on the Telegram channel that the coin will be listed on a number of centralised exchanges next week. Hence, the LBLOCK coin is gaining bullish momentum.
Bullish rally in Crypto market Support Buying Trend in LBLOCK
Over the last 24 hours, the global cryptocurrency market capitalization increased marginally to $1.9 trillion from $1.88 trillion, while trading volumes fell to $71.88 billion from $91.22 billion.
The total cryptocurrency market volume increased by more than 17% to $106.72 billion. In the last 24 hours, decentralized finance (DeFi) accounted for 15.01 percent of total cryptocurrency trading volume, totaling $16.02 billion. On the other hand, Stable coins accounted for 81.34 percent of the crypto market’s 24-hour volume of $86.81 billion.
On February 6, Bitcoin’s market dominance fell to 41.28 percent, with the virtual currency trading at $41,539.12. The world’s largest and most well-known cryptocurrency is up more than 23% from its low of $32,950.72 on January 24.
On Saturday, Bitcoin reached its highest level in two weeks, extending the previous session’s strong gains as cryptocurrencies benefited from a recovery in risk appetite and a rally in stock markets.
The world’s largest cryptocurrency hit $41,983, extending gains from Thursday’s lows to nearly 16% and representing a 27 percent increase from the year’s low of $32,950.72 on January 24.
LBLOCK Price Prediction – Why It Could Slice Through $0.0022?
The LBLOCK/USD price is holding at around $0.002016, exhibiting a dramatic uptrend. Lucky Block gained support at the $0.0017 level. However, the bulls triggered buying amid solid fundamentals from the organization. On the daily time frame, the LBLOCK has formed a “Bullish Engulfing” candle that’s signalling a solid uptrend.
A Lucky Block price prediction is bullish, and it may lead the LBLOCK price higher towards $0.0022, with a breakout providing additional buying room until $0.0024.Moreover, a spike in demand can drive the LBLOCK price towards the next target levels of $0.0027 and $0.0030.
Looking at the daily timeframe, the upward trendline supports a bullish bias in LBLOCK/USD. The LBLOCK token has formed an ascending triangle pattern that supports a bullish bias. Typically, such triangle patterns break on the higher side; therefore, the violation of $0.002117 resistance may drive an uptrend in LBLOCK.
The leading technical tools like RSI and MACD support an uptrend. Thus, consider buying positions above $0.002020 to target the $0.002125 and $0.002475 levels.
That’s all for now. Best wishes, and have a wonderful week ahead!
