Lucky Block Price Analysis: Exchange Listing Rumors Sparks Bullish

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Lucky Block (LBLOCK) continues to gain popularity in the cryptocurrency community following its listing on PancakeSwap DEX last Wednesday. That said, the blockchain lottery network currently awaits a listing in a centralized crypto exchange.

LBLOCK recently secured a market valuation of $200 million after a successful listing on CoinGecko and CoinMarketCap. The crypto-powered “People’s Lottery” now has its eyes set on a listing on behemoth exchange Binance in February.

One of LBLOCK’s unique selling points is that it intends to compensate token holders with dividends and give out 10% of prizes to charity.

At press time, the Lucky Block trades at $0.0013 and is on an upswing from a recent reversal in talks of possible exchange listings. Meanwhile, the new People’s Lottery platform is set to launch on March 21. With its current price trajectory, early investors are in profits of over 1,000%.

Concerning exchange listings, many speculate that FTX could take the first plunge, followed by Crypto.com, which already monitors LBLOCK’s price.

With a total supply of 100 billion tokens, Lucky Block currently has a circulating supply of 32.5 billion coins. Interested investors can purchase the token in PancakeSwap (v2).

Meanwhile, LBLOCK currently has a blistering community, boasting a rapidly growing Telegram channel with over 24,000 members and growing.

Key Lucky Block Levels to Watch — February 3

LBLOCK currently trades on a decently upbeat momentum, as it recovered from its recent fall below the $0.00100 mark. The cryptocurrency now trades within an ascending channel and has just bounced off the base of the channel as traders anticipate a jump to $0.0015 in the coming days.

Interestingly, a bullish golden cross between the 50 and 200 SMA is coming together on my 15-minute chart, indicating an impending bullish row in the near term. That said, I expect a push towards the previously-mentioned top in the coming days, followed by a bullish continuation towards $0.0018 after it establishes a footing above the channel top.

Meanwhile, my resistance levels are at $0.0015, $0.0016, and $0.0017, and my support levels are at $0.0013, $0.0012, and $0.0011.

Total Market Capitalization: $1.69 trillion

Lucky Block Market Capitalization: $135.7 million

 

How To Buy Lucky Block 

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