Lucky Block Jackpot Draw Nears as LBLOCK Stages Recovery

Azeez Mustapha


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Lucky Block (LBLOCK) is drawing closer to the launch date of its highly-anticipated jackpot draws in May. These draws will be much different from the other free-to-enter draws that take place regularly on the network.

This would be Lucky Block’s first draw where rewards will go to charity and token holders. The jackpot also includes a free or paid entry option to attract a larger demographic of participants.

Unlike most jackpots operated solely for the benefit of the project and a few lucky participants, Lucky Block’s jackpot promises to be all-inclusive, with rewards going to virtually everyone on the network and charity communities. That said, token holders get to vote on which charity organization receives the 10% jackpot reward.

To enter and qualify for the draw, one simply has to purchase and hold LBLOCK. Your token is essentially your ticket to the draw. LBLOCK is the native token of Lucky Block and can be bought on the project’s website or certain decentralized exchanges.

For the charity donation, LBLOCK holders will have to choose one out of four organizations with each draw. Each option comes with an information section to educate voters about the cause and help them decide which cause best deserves the donation.

Key Lucky Block Levels to Watch — May 18

LBLOCK has staged a steady recovery over the past few days, as the lottery cryptocurrency bounced from the $0.0010 area to the $0.0013 level, gaining over 30%. Lucky Block now sits atop the 4-hour 100 EMA after retaking the technical level yesterday.

LBLOCK 4-Hour Chart on TradingView

The cryptocurrency has to defend this level over the coming hours and days to help it solidify a push for $0.0015. However, this bullish projection could be delayed by the ongoing drawdown on the broader market following hawkish comments from the US Fed Chair yesterday.

Meanwhile, my resistance levels are at $0.0015, $0.0020, and $0.0025, and my support levels are at $0.0010, $0.0090, and $0.00080.

Total Market Capitalization: $1.28 trillion

Lucky Block Market Capitalization: $130.15% 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.

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