LBLOCK Price forecast

LBLOCK V2 has closed 20 daily candles above the $0.002 level, which is holding as support ahead of its upcoming CEX listing on Gate.io.

Lucky Block Flips Bullish

The Lucky Block price broke out when it recovered the 50 MA then retested it as support on July 28th.

That start of a new bullish market structure – printing higher highs and higher lows on the daily chart – came in the run-up to LBLOCK V2 being listed on MEXC exchange.

That uptrend continued until August 1st when the listing took place, and LBLOCK V2 pumped to as high as just under $0.0044 that day.

That mini bull run was around a 300% move in three days.

Since then LBLOCK has been consolidating and trading in a sideways range – every daily candle since July 30th has closed above $0.002, all wicks to the downside being absorbed by buyers. The 50 day moving average is now approaching $0.0016.

Will Lucky Block Recover

The lack of selling pressure suggests holders are optimistic about another impulse move to the upside around the time of the next exchange listing – on Gate.io.

Update – that listing date has now been moved forward to September 1st.

Gate.io has a high 24 hour trading volume of around $1.2 billion – ranked #5 by CoinMarketCap – and will be the largest crypto exchange Lucky Block has been listed on in its seven month price history.

LBLOCK V2 – an ERC20 token launched to facilitate more crypto exchange listings – has also been listed on Uniswap.

The increase in trading volume from its three recent exchange listings – all this month – could see Lucky Block retest its all time high of just under one cent set in February. That would be a 500% move from the Lucky Block price today.

Lucky Block News

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