The Terra Classic (LUNC) price manages to maintain its position, while the bulls maintain the desire to defend the support at $0.00027.
Terra Classic (LUNC) Prediction Statistics Data:
- LUNC price now – $0.00027
- LUNC market cap – $1.7 billion
- LUNC circulating supply – 6.15 billion
- LUNC total supply – 6.9 trillion
- LUNC Coinmarketcap ranking – #31
LUNC/USD Long-term Trend: Bearish (4H Chart)
Resistance levels: $0.00036, $0.00040, $0.00044
Support levels: $0.00020, $0.00016, $0.00012
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LUNC/USD is undergoing a much-needed break to the positive side as the coin trades within the 9-day and 21-day moving averages. The Terra Classic is posting gains of over 4.46% at the time of writing, trading above the 21-day moving average at $0.00027.
Terra Classic (LUNC) Prediction: Where is LUNC Price Going Next?
The LUNC price resumes back in the middle of consolidation as the coin crosses above the 9-day and 21-day moving averages. The price is now roaming around the $0.00027 level. Meanwhile, if the market continues the upward movement, the $0.00030 resistance level is likely to surface in the next few positive moves. More so, LUNC/USD pair might further look for higher price levels if the bulls continue to show commitment.
However, the market is currently displaying a sign of subduing volatility with choppy price action. On the other hand, if LUNC/USD crosses below the 21-day moving average and heads toward the lower boundary of the channel, the price may likely roll back to the previous supports at $0.00020, $0.00016, and $0.00012. But as the Relative Strength Index (14) moves above the 50-level, the next resistance levels could be located at $0.00036, $0.00040, and $0.00044 respectively.
LUNC/USD Long-term Trend: Bearish (1H Chart)
On the 1-hour chart, LUNC/USD is ranging, as the coin recently trades above the 9-day and 21-day moving averages, as it continues to rise towards the nearest resistance level of $0.00030. Meanwhile, heading towards the upper boundary of the channel may hit the resistance level at $0.000040 SAT and above.
On contrary, any bearish movement by the bears may find the support level at $0.00020 and below. Meanwhile, the technical indicator Relative Strength Index (14) remains above the 50-level.
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