Lucky Block to Get Listed on Centralized Exchange Amid Price Surge

Updated:

Lucky Block (LBLOCK) token has achieved another milestone as it is set to list on Hong Kong’s LBank exchange on February 11.

The new development is a major leap forward for the lottery platform, considering that it only began trading publicly 12 days ago on the PancakeSwap decentralized exchange (DEX).

Meanwhile, Lucky Block gained some positive price traction over the weekend as the market reacted to the news of the LBank listing. As of Monday, LBLOCK had a daily trading volume of over $1 billion and attracted over 1.4 million weekly users.

Getting listed on its first centralized exchange should see the coin’s price skyrocket even further. Also, LBLOCK plans on launching its mobile app on March 21, which should see the platform carry out its first lottery draw, scheduled to occur on March 25.

Furthermore, sources familiar with the platform assert that LBLOCK is likely to receive more centralized listings. However, they noted that a Binance listing might be out of the picture for now, despite the release of the platform’s “Road to Binance” media campaign in its first week of trading publicly.

In other news, the lottery token continues to top trending charts and recently became the most trending coin on the BSC section of DexTools.

Also, GenX Analytics recently named LBLOCK among its “standout outperformers” over the weekend.

Key Lucky Block Levels to Watch — February 9

LBLOCK has obliterated several ceilings since my last analysis and has recorded a jaw-dropping 120% spike over the past six days. The lottery token is now in price discovery mode as it trades around the $0.00290 area.

Over the last hour, the cryptocurrency suffered a minor 5% dip but immediately rebounded as bulls kept their feet on the pedal. With the incoming centralized exchange listing, LBLOCK could record another sharp spike within a short period, possibly to the $0.00400 top.

Meanwhile, my resistance levels are at $0.00310, $0.00320, and $0.00330, and my support levels are at $0.00280, $0.00270, and $0.00260.

Total Market Capitalization: $1.99 trillion

Lucky Block Market Capitalization: 290.2 million

 

You can purchase crypto coins here: Buy Tokens

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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.