in

Lucky Block all-time high break before LBank listing?



Lucky Block all time high
Lucky Block all time high

The Lucky Block price is currently $0.0029, up over 25% in the past day and approximately 10% off its previous all-time high (ATH).

LBank will open deposits for LBLOCK in approximately fifteen hours time, at 18:00 UTC+8 on Feb 10th. It will then open LBLOCK trading 24 hours after that.

It’s common for altcoins to pump in the run-up to their listing on a new exchange, often going parabolic.

Price can then sometimes correct on listing day in a ‘sell the news’ style sell-off, and go into a reaccumulation phase, before pumping again when new fundamental news is announced or expected – a ‘buy the rumor’ rally.

If price does form a parabola a good entry to ‘buy the dip’ could be the diagonal trend-line.

LBLOCK / USD Fibonacci Extension

In a Lucky Block price prediction article earlier today we drew Fibonacci levels and just over $0.005 is the 1.618 Fibonacci extension if it breaks out into price discovery and makes a new all-time high.

Cloudbet bonus

Lucky Block Fibonacci Extension

1.618 Fibonacci targets can be front-run by sellers however and technical analysis (TA) isn’t exact. It may also be rejected at the previous ATH on the first attempt and form a sideways trading range, which would still be bullish.

Lucky Block is up approximately 300% in the past 7 days.

Ethereum is also leading Bitcoin, up 6% in the past day, which tends to be bullish for altcoins.

Buy Lucky Block

Cryptocurrency markets are highly volatile and your investments are at risk.



Source link

What do you think?

Written by Blockchain Beat

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

After Three Months Of Fearful Market, Bitcoin Sentiment Turns Greedy Again

LINE to Offer BTC, ETH for Payment Options and Introduce token in March