Recent reports show Lucky Block – Guide, Tips & Insights | Learn 2 Trade (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 – Guide, Tips & Insights | Learn 2 Trade 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 – Guide, Tips & Insights | Learn 2 Trade 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.
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 – Guide, Tips & Insights | Learn 2 Trade Market Capitalization: $300.7 million
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