Lucky Block Price Prediction: LBLOCK to Bounce-off Above $0.0010
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- Lucky Block price is USD 0.001198, with $584,453 in 24-hour trading volume.
- Decline in LBlock coins could be attributed to the crypto market’s risk-off attitude, which affects all crypto coins.
- LBLOCK/USD coin is trading at the $0.0013 level, having bounced off the support level of $0.00099
LBLOCK is a crypto gaming asset that facilitates transactions on the Lucky Block network. Because of its utility in the gaming industry, the crypto asset is regarded as one of the best gaming cryptos to invest in. Lucky Block is a Binance Smart Chain-based crypto asset that uses the low transaction costs of the Binance Smart Chain to provide investors with more frictionless transaction operations.
During tournaments or weekly competitions, Lucky Block was designed to increase transparency and build trust among players. Lucky Block is attempting to increase adoption through marketing efforts. Dillian White, the heavyweight champion, was only recently added to the platform, just days before his fight with Tyson Fury. The boxer wore Lucky Block gear throughout the fight, which drew the attention of onlookers and supporters.
Lucky Block Price Review
The current Lucky Block price is USD 0.001198, with $584,453 in 24-hour trading volume. In the last 24 hours, Lucky Block has lost 8.57 percent of its value. With a live market cap of not available, the current market ranking is #3344. There is no circulating supply and a maximum supply of 100,000,000,000 LBLOCK coins.
Lucky Block also announced that welterweight champion Florian Marku, a British boxer, has joined the platform as an official ambassador. By partnering with such well-known sportsmen in the sports world, LBLOCK is poised to see price increases as more people become interested in crypto. Looking ahead, cryptocurrency gaming platform Lucky Block plans to launch a dedicated daily jackpot reward in mid-May.
LBLOCK Game Jackpot Prize
According to the corporation, the jackpot prize pool will begin at $2.40 million. Lucky Block is giving away cryptocurrency and tickets to sporting events as prizes for its forthcoming jackpot draws. Tickets can be purchased for as little as $5 by anyone with a token on the platform. People who link their cryptocurrency wallets to their accounts will also receive free entries. The product is available in countries that are a little more demanding of gaming platforms, thanks to the free entry.
According to Lucky Block CEO Scott Ryder, the new prize draw will change the way lottery-style games are operated, with proceeds going to charity and players. Lucky Block has many fantastic features that allow the platform to enroll new users smoothly. Rather than focusing just on cryptocurrencies, LBLOCK has chosen to make FIAT options available to new players as a more welcoming option.
In general, Ryder believes that Lucky Block has a considerable edge over other products on the market. Platinum Rollers Club NFTs are also available on the internet as part of the platform’s regulatory structure. As a result, all of this positive news will help Lblock to limit its current losses and gain a positive traction in the near future.
Bitcoin Bearish Bias Weights on LBLOCK
The current decline in LBlock coins could be attributed to the crypto market’s risk-off attitude, which affects all crypto coins. For example, Bitcoin began a sharp drop below the $37,500 support level versus the US Dollar. BTC has fallen below $35,000 and may continue to fall towards $32,000. Meanwhile, the broad-based bullish bias in the US dollar was considered another major factor in holding the cryptocurrency down. Due to growing fears about slowing global economic growth and rising interest rates, investors sought safety and yield on Monday, pushing the dollar to a two-decade high.
Investors are worried about several things, such as inflationary pressures, the war in Ukraine, and stricter COVID-19 rules in Beijing and Shanghai. However, they are sure that US interest rates will go up, and the dollar will follow. To combat rising inflation, the Federal Reserve raised the fed funds rate target by half a point to 0.75 percent-1 percent at its May 2022 meeting, the second consecutive rate hike and the largest increase in borrowing costs since 2000. The central bank also stated that further increases in the target range will be appropriate, with Chair Powell indicating 50 basis point hikes in the coming meetings.
Hawkish US Fed Stance Drags Crypto Market Lower
On June 1st, the Fed will also begin reducing asset holdings on its $9 trillion balance sheet. For the first three months, the plan will roll off $30 billion in Treasuries and $17.5 billion in mortgage-backed securities per month, increasing to $60 billion and $35 billion for mortgages per month. On the economic front, policymakers noted that the invasion of Ukraine and related events are adding to inflationary pressures and are likely to stifle economic activity. Furthermore, COVID-related supply chain disruptions in China are likely to worsen.
Lucky Block Price Prediction – $0.0013 Level to Support
The LBLOCK/USD coin is trading at the 0.0013 level, having bounced off the support level of 0.00099. During the previous week, LBLOCK/USD violated a double bottom support level of $0.0013 and fell to the $0.00098 level.
At the moment LBLOCK is trading with a bullish bias at the $0.001373 level. It’s gaining strong support at the $0.001003 level. The breakout of this level is likely to drive strong selling until the next support level of $0.00098 level.
On the higher side, a surge in demand can lead LBLOCK price towards the next resistance level of $0.001735. A surge in demand could lead LBLOCK price towards the $0.002025.
Further on the higher side, a slice through the $0.002025 level can expose the token price towards the next resistance level of $0.002920 level.
On the downside, the LBLOCK/USD coin’s immediate support level stays at the $0.0012 level. A sharp increase in selling pressure could result in a bearish breakout under the $0.0012 level. Consequently, the LBLOCK price is likely to be exposed to the $0.00098 level or $0.00078. Consider buying above $0.0009803 with a target of $0.0017 or $0.0023. That is all I have for the time being. All the best!
