LUNC/USD Bulls May Push the Price Upward
The Terra Classic price prediction may lack short-term support, but if the price rises even further, the coin is likely to face up.
Terra Classic (LUNC) Prediction Statistics Data:
- LUNC price now – $0.000170
- LUNC market cap – $1 billion
- LUNC circulating supply – 5.9 trillion
- LUNC total supply – 6.8 trillion
- LUNC Coinmarketcap ranking – #41
Resistance levels: $0.000220, $0.000240, $0.000260
Support levels: $0.000130, $0.000110, $0.000090
LUNC/USD is trading around the $0.000170 resistance level, but the coin remains within the 9-day and 21-day moving averages. However, if the bulls push the market price above the 9-day MA, the nearest resistance may be located around $0.000200. Moreover, if the market increases, additional resistance can be found above the upper boundary of the channel.
Terra Classic Price Prediction: LUNC May Break to the Upside
At the time of writing, traders could see that the Terra Classic price may likely create more bullish trends once the bearish movement is over and this is noticeable as the technical indicator Relative Strength Index (14) is moving towards the 60-level.
Looking at the daily chart, the market decides to rebound from the low of $0.000157 around the 21-day moving average but any bearish movement below this barrier could lead the coin to a serious downtrend. However, the support levels for the coin could be found at $0.000130, $0.000110, and $0.000090, while the resistance levels lie at $0.000220, $0.000240, and $0.000260 respectively.
Against Bitcoin, the Terra Classic price is moving to cross above the 9-day moving average but the support level of this coin is built around 765 SAT. However, the nearest resistance is set at 850 SAT because the market price is still changing below the 9-day and 21-day moving averages. Technically, the market price could spike within the channel as the technical indicator Relative Strength Index (14) moves to cross above the 50-level.
However, if the Terra Classic price remains below the moving averages, LUNC/BTC may likely face the lower boundary of the channel to hit the support level of 700 SAT and below. Moreover, any bullish movement above the moving averages could allow the market to form a new upward trend and this could reach the potential resistance at 1.000 SAT and above.
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