Lucky Block Price Prediction: Bulls Lose Momentum
Our Lucky Block price prediction is not looking great as the price has faced a massive rejection. After bottoming around $0.00125 level earlier this week, Lblock crypto ran into a huge resistance at $0.0018. After that, the price briefly touched $0.0177, only to plummet once again. At the time of writing, the price is trading at $0.00147, which is significantly down from an all-time high of $0.0033.
Crypto markets rallied on Wednesday after the FOMC meeting. However, the prices started to drop on Thursday as the US trading session began. Due to intense selling in the tech sector, NASDAQ fell by 3.15%. This across the board bloodbath has also affected Lucky Block crypto, which had just broken out of a long downtrend.
American rapper Jidenna has also endorsed the project as per other Lucky Block news. The official Twitter handle of LBlock posted the video of the rapper promoting the project. Other notable figures like Scotty Nguyen (Poker Player) and Steven Quezada (Actor) have also endorsed the project in their videos. Despite the hype, many are still sceptical about the fundamentals of the project and consider it a high-risk investment. This is mainly due to the fact that the coin is still not available on any major centralised exchange.
The project promises to remove the barriers by allowing anyone to take part in worldwide lotteries on the blockchain. Most of the real-world lotteries are geographically restricted and hence bar certain participants. Lucky Block is currently available on Pancakeswap as a BEP-20 asset.
Lucky Block Price Prediction
Technical analysis of Lucky Block shows a clear rejection from the $0.00177 level. This appears to be a classic case of previous support turning into resistance. Currently, the gambling cryptocurrency is trading at $0.00147, which also coincides with the 0.618 Fib retracement level. This level comes into play by connecting the $0.00125 low to the $0.177 high.
Before any bullish Lucky Block price prediction, the coin needs to confirm its breakout from the downtrend. It must make a higher low and then reclaim the $0.00177 level very soon. This seems to be quite difficult in the current scenario as Bitcoin has just made a lower low.
LBlock USD Price Chart
