Lucky Block Price Prediction: Sideways Trading Range, Why $0.0020 Could Drive Uptrend?
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The Lucky Block token price has been declining since reaching an all-time high of $0.0096 on February 17, the cryptocurrency lottery platform has risen approximately 26 percent to $0.0032 on March 29. Despite the fact that the gains were fleeting, the current LBLOCK price is $0.002542, with a 24-hour trading volume of $825,876. The token has lost 10.22 percent of its value in the last 24 hours. However, the Luck Block price prediction for long-term remains positive.
It is worth noting that the LBLOCK offers a global lottery in which players participate by utilizing Blockchain technology and the Binance smart chain. The coin aims to promote transparency and equality in gaming. It intends to offer a lottery in which everyone has a better chance of winning. LBLOCK uses distributed ledger technology to enable faster prize payouts while maintaining thorough monitoring and documentation. All of this is true regardless of the magnitude of the victory (DLTs). Lucky Block also verifies both players and tickets to ensure that no data has been lost, deleted, or altered.
Latest Developments in LBLOCK
Recently, Lucky Block announced a number of significant accomplishments and developments that may have an impact on the value of the LBLOCK coin. LBLOCK launched its Android app in March 2022, allowing people all over the world to download and play the blockchain-based lottery-style game. The app has been certified for distribution in 150 countries, which means it complies with all applicable compliance laws in the countries where it is now available.
Only 11 countries, mostly in the Middle East, had the LBLOCK app restricted due to laws prohibiting gambling for personal gain. According to the development team, the iOS version is ready to be submitted to the Apple App Store. As a result of the app’s release, the price of the lucky block token increased.
Lucky Block Version 2 Underpins LBLOCK Coin
Furthermore, in February 2022, LBLOCK released version 2 of its network. It’s is Ethereum (ETH) compatible and serves as a portal to the vast world of Ethereum assets, apps, users, and dealers. When the team considered taxes, they devised a new strategy to make the coin more “exchange-friendly.” This increases the likelihood of it being listed on large, centralized exchanges.
Lucky Block has also announced the launch of its first non-fungible token (NFT), which has the potential to increase the value of the LBLOCK coin. In February 2022, the Platinum Rollers Club, LBLOCK first non-fungible token (NFT) collection, was unveiled. There will be a total of 10,000 NFTs, each worth $1,500. Each NFT is assigned a unique serial number that serves as a life ticket in a daily lottery draw open only to NFT owners.
The increasing popularity of LBlock suggests that it could be the best new currency to invest in in 2022. Lucky Block’s development team is looking for listings on popular cryptocurrency exchanges such as Binance, Crypto.com, and FTX. If these exchanges accept LBLOCK, the token will become much more accessible to investors, resulting in long-term price increases.
Lucky Block Price Prediction – Sideways Range
As previously forecasted, the LBLOCK is supported above the major support level of $0.0025 and remains bullish. The LBLOCK/USD coin is currently trading at $0.0027, with a mixed bias. The LBLOCK/USD has tested a double bottom support level of $0.0021 on the 4-hour timeframe. If candles close above this level, the coin is likely to enter an uptrend.
On the upside, the LBLOCK/USD coin may face resistance at $0.0029. A bullish crossover above this level has the potential to catapult the price to 0.0035. The descending triangle pattern’s downward trendline will extend major resistance to the 0.0035 zones. A break above this trendline almost always indicates a favorable buying opportunity.
As a result, LBLOCK’s price may increase to 0.0039 or 0.0048. Following a breakout of 0.0048, the LBLOCK price is likely to test the $0.0057 resistance level on the upside.
On the downside, the LBLOCK/USD coin’s immediate support level is $0.0021. A sharp increase in selling pressure could result in a bearish breakout below the $0.0021 level. Hence, it may bringing the LBLOCK price all the way down to the $0.0014 level. Consider purchasing above $0.0021 with a target of $0.0035 or $0.0039. That is all I have for the time being. All the best!
