Lucky Block Price Prediction: LBLOCK Spikes 40% amid LBank Listing
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
- Lucky Block, the crypto-lottery platform, spiked dramatically to register a gain of 40%
- LBLOCK has already been listed on LBANK, and the coin is now available to all LBank Exchange users.
- Consider buying positions above $0.0045 with a target price of $0.0065 or $0.0078.
On Friday, the demand for Lucky Block, the crypto-lottery platform, spiked dramatically to register a gain of 40%. The LBLOCK placed a high of $0.007435 before taking a bearish correction. One of the major reasons behind such a massive uptrend is LBLOCK’s listing on LBANK.
So far, the LBLOCK has performed admirably, trading in line with my Lucky Block price prediction. So, if you’re just getting started with this token, let me walk you through it quickly.
LBANK Exchange Lists Lucky Block
Lucky Block has already been listed on LBANK, and the coin is now available to all LBank Exchange users. Investors can trade the LBLOCK/USDT pair on LBANK exchange. The lottery has a long history, and its speculative nature has always drawn people in. Because of the internet, online lotteries are now possible, making participation easier and more accessible than ever.
There are still many security, speed, and liquidity issues. Lucky Block (LBLOCK) is a blockchain-based lottery system that aims to build a global lottery system with players, and its native token LBLOCK got listed on LBank Exchange today on February 11, 2022, at 18:00 (UTC+8), assisting it in meeting its goal.
Check out the official Lucky Block telegram channel as the Lucky Block market capitalization and other price metrics are updated when an investor purchases Lucky Block.
What is Lucky Block (LBLOCK)?
Using blockchain technology, Lucky Block envisions a global lottery with players all over the world. It aims to improve game transparency and fairness, create a global lottery with better odds for all players, provide token holders with a sustainable investment strategy, and support charities and the community.
A centralized lottery server can be compromised, and physical equipment can be tampered with. Lucky Block’s lottery system is based on blockchain technologies, which have essential properties that effectively reduce these risks.
Furthermore, distributed ledger technology allows for faster prize payouts as well as thorough tracking and recording regardless of the size of the win. Certifying players and tickets also protect against data loss, deletion, and tampering. In addition, the typical costs of running a lottery are substantial, which might impact revenue for prize formation and payout.
Lucky Block will shorten draw durations and allow numerous draws each day, giving players more opportunities to win while decreasing lottery costs. Furthermore, low-margin operations will enable individuals to participate in lotteries that match their risk tolerance for higher odds.
Lucky Block Price Prediction – Why $0.0046 is Crucial for LBLOCK?
During the early European session, the LBLOCK/USD reversed earlier gains and fell from $0.0074 to 0.0045. The LBLOCK/USD pair entered the overbought zone on the 4-hour timeframe and failed to break above the 0.0074 level. As a result, the initial buyers began to profit.
However, this is a fantastic opportunity for investors who have yet to take their buy positions. At the $0.0045 level, the LBLOCK/USD has already completed a 61.8 percent Fibonacci retracement. Closed candles above this level are likely to start an uptrend in LBLOCk.
On the daily time frame, the LBLOCK has formed a bearish candle with a long shadow. It indicates that bearish power is waning and that bulls are still attempting to take control of the market.
As a result, the Lucky Block price prediction remains very bullish, and it may lead the LBLOCK price higher towards $0.0075, with a breakout providing additional buying room until $0.0085. Furthermore, a surge in demand could propel the LBLOCK price to the next target levels of $0.0090 and $0.0098.
On the bearish side, LBLOCK’s immediate support remains at 0.0050 and 0.0045, with a triple bottom level at 0.0050. This is also an indication of a possible bullish reversal. Leading technical indicators, such as the RSI and MACD, support an uptrend. Consider buying positions above $0.0045 with a target price of $0.0065 or $0.0078.
That’s all I’ve got for now. Best wishes, and have a fantastic week!
