Lucky Block Receives Upbeat Technical Rating from InvestorsObserver

Updated:

As its price continues to soar, lottery cryptocurrency Lucky Block (LBLOCK) has received a positive rating from an asset rating platform.

Capital markets information provider InvestorsObserver recently published a “strong short-term technical score of 93″ for LBLOCK, commending the cryptocurrency’s price performance in recent times. InvestorsObserver’s proprietary asset scoring system gave the bullish rating to LBLOCK after analyzing the lottery token’s recent trading pattern by looking at the price movement to ascertain the direction in which the asset trends.

At its current price, LBLOCK currently has a better technical rating and standing than 93% of all 18,000+ cryptocurrencies in the market. That said, investors looking for hot and trendy short-term tokens to profit from should look no further than LBLOCK. This token also tops the Short-Term Rank charts.

Meanwhile, reports show that the recent trading habit of Lucky Block investors indicates a notable bullish sentiment around the token.

LBLOCK currently has a daily trading volume of $1,085,551 and a market capitalization of $466,237,990, with total liquidity of $7,975,550.

Key Lucky Block Levels to Watch — March 11

LBLOCK currently holds strong above the $0.0045 support as the broader crypto market witnesses a persistent bearish presence. However, the lottery cryptocurrency appears to be trading within a sideways pattern at the moment between the $0.0048 and $0.0046 area.

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Notably, LBLOCK trades along an ascending trendline, which shows that the price will likely experience a sharp rebound if it comes in contact with the $0.0045 support where my trend line rests.

With the prevailing sentiment in the broader market, I expect us to see a persistent sideways pattern into the weekend, where LBLOCK should gather some buyers and retest the $0.0060 multi-week top.

Meanwhile, my resistance levels are at $0.005, $0.0055, and $0.0060, and my support levels are at $0.0045, $0.0040, and $0.0035.

Total Market Capitalization: $1.73 trillion

Lucky Block Market Capitalization: $466.2 million

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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.