Lucky Block Price Prediction: LBLOCK Gain Support at 78.6% Fib Retracement

The Lucky Block concept, as we all know, is quite simple. It is working on a decentralized lottery using blockchain technology. The project addresses several problems with the current system, such as security, liquidity, and payout delays. Unfortunately, LBLOCK still has a long way to go. The cryptocurrency only started operations in late January 2022, and it has yet to hold a full lottery event. The cryptocurrency project continues to draw a lot of attention and users.

Although online lottery platforms are less expensive than traditional lottery platforms, the majority of them lack the liquidity to compensate winners, as well as speed, transparency, and security. As a result, previous participants may be hesitant to participate again.

Lucky Block Price Review

The platform’s primary goal is to address these issues and provide gamers with a fair, secure, and transparent system. The current LBLOCK price is $0.003876, with a 24-hour trading volume of $1,283,066. Lucky Block’s stock has dropped 14.37 percent in the last 24 hours. The current market rank is #3101 perhaps due to a slow down in the global cryptocurrencies.

Since its inception in late January 2022, many people have been talking about the Lucky Block crypto lottery project. Based on the market’s rapid expansion, the company intends to launch its app on March 21st. Furthermore, the first LBLOCK jackpot lottery will be available on March 25th, 2022. Luck Block’s popularity stems from its online connections with celebrities such as Shehnaz Gill. There are numerous reasons to consider investing in Lucky Block, just as there are numerous reasons to purchase Bitcoin. Significant price gains seen in the weeks following LBLOCK’s PancakeSwap listing have paved the way for future exciting exchange listings.

Check out the official Lucky Block telegram channel as the LBLOCK market capitalization and other price metrics are updated when an investor purchases LBLOCK .

Lucky Block Listing Updates

The Lucky Block development team has set its sights on obtaining listings on some of the most reputable cryptocurrency exchanges, including Binance, Crypto.com, and FTX. If these exchanges accept LBLOCK, it will make the token more accessible to investors, leading to a rise in its value in the long run.

The development team’s excellent plan is another reason to buy the LBLOCK coin. The roadmap, which can be found on the LBLOCK website, outlines several exciting ideas, including launching Lucky Block goods and organizing large fundraising events. There are also plans for metaverse integration and the launch of a Lucky Block NFT collection in the future.

The Lucky Block development team has applied for listings on several popular centralized exchanges (CEXs), including Crypto.com, Kucoin, OKex, and FTX. Once LBLOCK gets listed on these exchanges, it will become much easier to invest in the token, resulting in a price increase. Lucky Block has also teamed up with well-known sites like DeFi Swap and StakeMoon, which means more money is to be made.

Another reason to be positive about the Lucky Block prediction is that the platform has already been evaluated by SolidProof.io, one of Europe’s most reputable security consultants. A cursory review of the security assessment was completed successfully, giving investors considerable trust in the platform’s security. Finally, Lucky Block is in the middle of a massive marketing campaign to spread the word about the project, with celebrities like Jamie Jewitt from Love Island already on board.

Lucky Block (LBLOCK) Price Prediction – LBLOCK Completes 78.6% Fib at $0.0026 

On the technical front, the Lucky Block price prediction is trading in line with our previous forecast. The LBLOCK/USD coin is trading with a neutral bias at the 0.0038 level during the early European session. The price of LBLOCK has already tested the major support level of $0.0026, which is being extended by 78.6% of the Fibonacci retracement level. On the daily timeframe, the downward trendline is also extending to major resistance at the 0.0050 level.

A surge in LBLOCK demand can slice through the major resistance level of 0.0050. On the higher side, a breakout of the 0.0050 level exposes the coin towards the next resistance level of 0.0067 and 0.0080 level. On the lower side, LBLOCK may find immediate support at $0.0035. If the price falls below $0.0035, it may continue to fall until it reaches $0.0032 or $0.0026.

The upward trendline may provide support for the LBLOCK price near $0.0026. Closing candles above this level could send LBLOCK into an uptrend. The LBLOCK/USD has formed a symmetrical triangle pattern on the 4-hour chart, which is keeping LBLOCK trading choppy.

A bearish breakout of the 0.0026 level exposes the LBLOCK price towards the 0.0020 or 0.0015 level. Leading technical indicators, such as the RSI and MACD, help to justify indecision. As a result, a symmetrical triangle violation may have an effect on future LBLOCK trends. Consider buying at 0.0026 and vice versa.

That’s all I have for now. Best regards!