Lucky Block Price Prediction: Why $0.001220 Can Be a Good Spot to Go Long?
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- Lucky Block price is $0.001323, with a 24-hour trading volume of $276,698.
- Lucky Block team will most likely begin developing the platform’s other components, such as metaverse integration and a crypto-education platform.
- Taking a buy trade in LBLOCK above the $0.001220 level seems like a good idea today.
On Friday, the Lucky Block price prediction seemed slightly bearish, but it will be worth keeping an eye on a crucial support level of $0.001212. The current Lucky Block price is $0.001323, with a 24-hour trading volume of $276,698. In the last 24 hours, Lucky Block has lost 3.11 percent of its value, whereas, its current market ranking is #3450, with a live market cap of not available. There is no circulating supply and only 100,000,000,000 LBLOCK coins are available.
Lucky Block is a cryptocurrency game platform that awards daily prizes to LBLOCK and non-fungible token holders. The BNB Chain, which was founded and is led by well-known figures in the blockchain industry such as Scott Ryder, a former senior broker for Oakmount & Partners, and James Bason, a former Betsson Group product specialist, powers the initiative.
Investors in the Lucky Block receive an automatic ticket to the main jackpot’s daily draws. Moreover, LBLOCK investors also receive periodic payments of 10% of the total prize. Platinum Rollers are a set of non-fungible tokens released by Lucky Block. These tokens entitle their holders to a ticket in the daily NFT draw. It’s also funded by short-term trading tax payments.
As a result of the appealing awards, the value of LBLOCK may rise significantly as more investors become interested in the project.
Lucky Block Price Prediction – Update on Daily Draw
The daily draws at Lucky Block have only recently begun. Users can join by purchasing $5 worth of LBLOCK tokens. To kick off the event, the gaming platform launched the main draw event. The event’s ticket sales were estimated to be 23,000 people, indicating that a large number of investors are interested in purchasing Lucky Block. Each of the two winners received $1 million in LBLOCK tokens, which will be distributed on a daily basis.
The success of the draws represents a significant product delivery milestone for the organization, whose LBLOCK cryptocurrency only began trading in late January.
Lucky Block’s prize draw exemplifies the importance of Web3, in which decentralized applications provide more efficient and transparent consumer services. In addition to the main prize of $1 million, every Lucky Block Platinum Rollers Club NFT owner was automatically entered into a $1 million special prize draw.
Upcoming Developments
Bitcoin Continues to Weigh on LBLOCK
Since it is the most popular coin in the world, Bitcoin, a leading cryptocurrency, has an impact on nearly all cryptocurrencies. Therefore, bearish bias in the Bitcoin prices could be to blame for the minor drops in Luckyblock pricing. Bitcoin’s price has failed to break through the $31,200 and $31,500 resistance levels. However, there was no discernible change, and the price fell below $31,000 once more. If bitcoin fails to break through the psychological barrier of $31,050, it may enter a new downward trend.
On the downside, the level of $29,650 provides immediate support. Meanwhile, the US dollar fell off a two-week high against the euro on Friday, ahead of inflation data that will likely influence the Fed’s policy tightening path and after the European Central Bank announced that its rate-hiking campaign will begin next month.
Lucky Block Price Prediction – LBLOCK to Gain Support at 0.001220
LBLOCK is trading with a slight bearish bias at the $0.001291 level, entering the oversold zone. Although the LBLOCK price is heading lower, the recent selling candles are getting weaker. In technical terms, we can call them Doji, and these typically trigger a bullish reversal in the market.
Currently, Lucky Block is likely to gain immediate support at the 0.001221 level. A surge in selling pressure can extend a downward movement until the next support level of $0.00099.
On the bullish side, the LBLOCK can find immediate resistance at the $0.00180 mark. Whereas a surge in LBLOCK’s demand can expose its prices towards $0.0022 and $0.0028 resistance levels.
The 50-day exponential moving average is supporting a selling trend in LBLOCK. While leading technical indicators such as MACD and RSI have entered the oversold zone, suggesting that a bullish reversal is imminent.
For the movement, the Lucky Block token is trading just in between the resistance and the support zone. It’s likely to find immediate support near $0.001220. Therefore, taking a buy trade above the 0.001220 level seems like a good idea. Alternatively, selling trades can be placed upon a breakout of the 0.001220 level to target the 0.001135 mark. Good luck!
