Lucky Block Taps 49,000 Holders as 50,000 Holder Milestone Nears

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Recent reports show Lucky Block (LBLOCK) has accumulated over 49,000 holders as the lottery cryptocurrency continues to scale up.

That said, tapping 50,000 holders would be a significant achievement for the cryptocurrency project, which began operating in late January on PancakeSwap DEX and LBank, the only centralized exchange it trades on.

LBLOCK rallied by over 53% between April 1 and 4 but retraced to the $0.0030 area earlier today. Nonetheless, the cryptocurrency still retains a positive outlook as it trades up by 29% in April.

This bullish momentum comes as the broader crypto market regained some bullish sentiment, as Bitcoin tapped the $47,500 top while Ethereum hit the $3,582 peak in April.

The goodish bounce in Bitcoin got sponsored by an increased institutional appeal for the benchmark cryptocurrency. Terra recently began a campaign to stockpile $3 billion worth of BTC into its reserves. Currently, it has accumulated $1.3 billion and aims at getting more in the near term. Also, MicroStrategy recently acquired a Bitcoin-collateralized loan, only to use the loan for more BTC purchases.

Apart from the holder count increase, Lucky Block enjoyed some bullish support from the launch of its mobile app on the Google Play Store. Also, the minting of its 10,000-piece NFT collection provided investors with more reasons to adopt the token.

Key Lucky Block Levels to Watch — April 6

LBLOCK has recorded a mild correction from the $0.0032 zone today as the cryptocurrency fell to the $0.0030 psychological level amid a marketwide pullback. However, it appears bears lack the coordination to perfect a push below the $0.0030 psychological support as market momentum thins out.

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That said, I expect to see a return to the $0.0032 zone in the coming hours, as buyers keep their focus on retaking the $0.0040 top.

Meanwhile, my resistance levels are at $0.0035, $0.0040, and $0.0045, and my support levels are at $0.0029, $0.0025, and $0.0020.

Total Market Capitalization: $2.01 trillion

Lucky Block Market Capitalization: $300.7 million

 

You can purchase Lucky Block here. Buy LBlock

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.