LUNC Is Building a Catalyst to Push Higher

Terra Classic (LUNC) Price Prediction – August 13
From a close technical point of view, the LUNC/USD market is building a catalyst to push higher over a baseline at $0.00008820. The last seven days’ sessions witnessed an all-time low of $0.00008386 and an all-time of $0.0001012.

Terra Classic (LUNC) Price Statistics:
LUNC price now – $0.00009818
LUNC market cap – $647.3 million
LUNC circulating supply – 6.6 trillion
LUNC total supply – 6.9 trillion
Coinmarketcap ranking – #213

LUNC/USD Market
Key Levels:
Resistance levels: $0.00011, $0.00012, $0.00013
Support levels: $0.00008, $0.00007, $0.00006

LUNC/USD – Lon-term Chart
The LUNC/USD long-term chart reveals the crypto market is building a catalyst to push higher against the counter-fiat trading coin. The space between the SMAs isn’t wide enough, as the 14-day SMA indicator is at $0.00009840 below the $0.00009961 value of the 50-day SMA indicator. The Stochastic Oscillators have crossed northbound from the 20 range, positioning between the 69.44 and 72.60 ranges. And they are still relatively pointing toward the north side.

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Should traders be patient in placing an order in the LUNC/USD market?

The LUNC/USD market is building a catalyst to push higher into a resistance zone over the trend lines. However, as it is, traders need to exercise a little patience in placing a buying order. Also, from the technical point of view, the price has been kept to range-bound spots that involve $0.00009,$0.000010, and $0.000011 value lines. Going by that observation, long-position placers have to look out for when a pull-down motion will get exhausted to get a rebounding sign before exerting a buying order afterward.

On the downside of the technical analysis, the LUNC/USD market bears may have to similarly allow a pull-up movement toward the most upper range section at the $0.000011 resistance level to run exhaustively to the extent of coupling it with an active correction before placing a selling order. A pending order of sell limit can come to play to save the time of watching the scenario while that assumption may materialize.

LUNC/USD Medium Chart

Terra Classic’s market worth has maintained a perfect flat trending motion above a baseline of 0.00008820 against Bitcoin. The cryptocurrency pair price is building a catalyst to push higher around the SMA trend lines. On the August 9th session, the price declined to break past the value line to the south side. But, it was short-lived as the market bounced back to its usual trading range of around $0.000010. The Stochastic Oscillators have swerved from the oversold region to place between the 58.62 and 78.26 range points. The situation yet portends the base crypto may still push within the well-long-defined range zones for some time.

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