Lucky Block Records Massive Rally Ahead of Jackpot Draw


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


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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.