Lucky Block Records Another Milestone as It Prepares for Listing on Second CEX

Updated:

Lucky Block (LBLOCK) has secured its second centralized exchange listing after LBANK, with recent reports showing the play-to-earn cryptocurrency will be listed on MEXC in August.

Notably, LBLOCK tapped its highest point in Q1 2022, after the LBANK listing, coming to one cent at $0.0097. That said, analysts expect a similar price reaction in the coming days and weeks.

Established in Singapore in 2018, MEXC has become a competitive cryptocurrency trading platform over the past few years, rising to number 18 out of 777 in crypto exchanges based on transparency and trading volume. At press time, the crypto exchange boasts over six million registered users and has a 24-hour trading volume of $710 million.

MEXC offers several crypto trading methods, including spot, derivatives, and centralized options, in 1,866 markets.

Commenting on the latest development, Lucky Block CEO Scott Ryder noted:

“As a result of our listings in July and August, we expect the liquidity injection to LBLOCK to be substantial. LBLOCK is likely to see a surge in price given that, historically, new exchange announcements pretty much guarantee greater buying interest. Importantly, our ecosystem of crypto games offerings will also see improved visibility and adoption just as we start to roll out major new products and features. Exciting times.”

Key Lucky Block Levels to Watch — July 13

Lucky Block has maintained a sideways pattern over the past month, spending over 90% of its time within the $0.0010 to $.00080 range. The global games platform recently fell to the $0.00080 base and has remained on that line since yesterday.

WBNB/LBLOCK 4-Hour Chart on TradingView

As highlighted in the chart above, LBLOCK has posted a sharp rebound every time it touched the $0.00080 base since June. That said, we can expect to see a rebound above the one-cent mark over the coming days. If bulls manage to defend this move, LBLOCK holders could see their token return above the $0.0012 level and continue to strive for higher marks.

Meanwhile, my resistance levels are at $0.0010, $0.0012, and $0.0015, and my support levels are at $0.00080, $0.00060, and $0.00050.

Total Market Capitalization: $874.93 billion

Lucky Block Market Capitalization: $79.62 million

 

You can purchase Lucky Block here. Buy LBlock

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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.