Lucky Block Records Massive Rally Ahead of Jackpot Draw

Updated:

Cryptocurrency lottery platform Lucky Block (LBLOCK) was one of the biggest crypto gainers last week after jumping by a whopping 170% between May 16 and May 20. On May 19 alone, the cryptocurrency jumped from the $0.0012 level to $0.0022, a solid +80% move.

At press time, LBLOCK trades at $0.0026, comfortably above the $0.0025 barrier and the 100-day EMA.

Meanwhile, Lucky Block is set to demonstrate how beneficial its utility is later this month when it launches a decentralized crypto games and competitions platform, including jackpot prize pools.

LBLOCK or Lucky Block NFT holders receive automatic tickets to participate in the draw. This factor played a significant role in the recent surge recorded in LBLOCK ahead of the May jackpot draw.

Moving on, many other altcoins have recorded decent bullish price actions in the past 24 hours as the market records some gains. Anchor Protocol and embattled LUNA led in 24-hour market gains on Sunday with 69.3% and 60.7%, respectively.

The gains seen in the crypto market come as the equities market remains closed over the weekend. Wall Street suffered one of its worst weeks last week, dragging Bitcoin and the broader crypto market lower due to correlation ties.

Key Lucky Block Levels to Watch — May 22

As mentioned earlier, Lucky Block recorded a massive rally last week despite a broader bearish sentiment on the market, as it reclaimed the $0.0025 top. Currently, the cryptocurrency retains its bullish trajectory as the $0.0030 level comes into perspective again.

LBLOCK 4-Hour Chart on TradingView

Over the coming days, we could see the US dollar index (DXY) continue to lose value over the week, which should bolster gains in the crypto market and bump LBLOCK by another triple-digit rally.

Lucky is up more than 4% today but still more than 285% from All-Time Highs!

The opportunity to bank BIG is now!

Meanwhile, my resistance levels are at $0.0030, $0.0035, and $0.0040, and my support levels are at $0.0025, $0.0020, and $0.0015.

Total Market Capitalization: $1.29 trillion

Lucky Block Market Capitalization: $254.1% million

 

You can purchase Lucky Block here. Buy LBlock

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

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.