Lucky Block Price Prediction: Downward Trendline Breakout to Drive Uptrend Above $0.0025
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Lucky Block proposes a global lottery in which participants will use blockchain technologies and the Binance smart chain. Lucky Block’s goal is to improve gaming transparency and fairness by creating a lottery in which every participant has a better chance of winning. The way today’s youth perceive money in the form of digital currency, investors recognized blockchain as the future of information.
Numerous tokens or coins have been created and invested in since the inception of cryptocurrency. With current cryptocurrency market valuations, those who missed out a decade ago are just as qualified to reap the same increase. A Lucky Block is a token that has all of the colors that a growing token would have.
Lucky Block Price Review
The LBLOCK, as it’s affectionately known on exchanges, is based on the global lottery blockchain and is one of the year’s emerging cryptocurrencies. Celebrities have endorsed the product and invested in it. The LBLOCK is at the peak of its popularity.
The current Lucky Block price is $0.002448, with a trading volume of $3,170,365 in the last 24 hours. Lucky Block has increased by 49.38 percent in the previous 24 hours. The current market cap is not accessible, and the current market ranking is #2972. The number of coins in circulation is unknown, but a maximum of 100,000,000,000 LBLOCK coins can be made.
Check out the official Lucky Block telegram channel as the LBLOCK market capitalization and other price metrics are updated when an investor purchases LBLOCK .
Surge in LBLOCK Demand to Keep Supported
The rising popularity of LBLOCK suggests that it could be the best new coin to invest in in the year 2022. Lucky Block’s development team is looking for listings on some of the most well-known cryptocurrency exchanges, including Binance, Crypto.com, and FTX. If these exchanges accept LBLOCK for listing, there may be more long-term price gains. This will increase the token’s accessibility to investors.
Cheap Cryptocurrency with a lot of Upside Potential
The most important thing to remember is that, unlike Bitcoin and Ethereum, investing in a single Lucky Block token does not require risking hundreds of dollars. The project listed on Pancakeswap, on the other hand, has a token price of $0.00021. In simpler words, this means that a $1,000 investment will net you almost 4.5 million LBLOCK tokens.
As a result, Lucky Block is a cheap cryptocurrency with a lot of upside potential. Therefore, one of the goals for the project is to list itself on major crypto exchanges, which will raise its profile.
Lucky Block’s NFT Updates
Since the token’s launch, the Lucky Block team has been working to develop its NFT series. There are 10,000 Lucky Block NFTs available for purchase online, each one unique. You will pay $1,500 in wBNB for a Lucky Block NFT purchased through the launchpad campaign. The first benefit of buying a Lucky Block NFT is that you’ll be guaranteed a spot in the daily lottery drawing.
The success of a lucky block investment, on the other hand, is determined by a number of factors. It includes the location of the block as well as market conditions. Lucky blocks, on the other hand, are an excellent investment for those looking for a safe and secure investment.
Lucky Block Price Prediction – Downward Trendline Breakout
As previously stated, the LBLOCK is supported and remains bullish above the major support level of $0.0025. With a mixed bias, the LBLOCK/USD coin is currently trading at $0.0027. On the 4-hour timeframe, the LBLOCK/USD has tested a double bottom support level of $0.0021. The coin is likely to enter an uptrend if candles close above this level.
On the upside, the LBLOCK/USD coin could run into the next resistance level at $0.0029. A bullish crossover above this level has the potential to propel an uptrend all the way to 0.0035. The downward trendline of the descending triangle pattern will extend major resistance at the 0.0035 zones. A break above this trendline will almost certainly present a good buying opportunity.
As a result, the price of LBLOCK may rise to 0.0039 or 0.0048. The LBLOCK price is likely to test the $0.0057 resistance level on the upside upon a breakout of 0.0048.
On the downside, the immediate support for the LBLOCK/USD coin is $0.0021. A surge in selling bias could result in a bearish breakout under the $0.0021 level, pushing the LBLOCK price all the way down to the $0.0014 level. Consider purchasing above $0.0021 with the goal of reaching $0.0035 and $0.0039. That’s all I’ve got for now. Best wishes!
