LUNC/USD Gains 8.33%; Price Targets $0.000200 Level

The Terra Classic price prediction manages to maintain its position, while the bulls maintain the desire to defend the support at $0.000128.

Terra Classic (LUNC) Prediction Statistics Data:

• LUNC price now – $0.000135
• LUNC market cap – $811.5 million
• LUNC circulating supply – 5.9 trillion
• LUNC total supply – 6.8 trillion
• LUNC Coinmarketcap ranking – #43

LUNC/USD Long-term Trend: Bearish (1D Chart)

Key Levels:

Resistance levels: $0.000260, $0.000280, $0.000300

Support levels: $0.0000350, $0.0000330, $0.0000310

LUNC/USD is undergoing a much-needed break to the positive side. The coin is posting gains of over 5% in the last 24 hours, with the Terra Classic (LUNC) heading towards the 9-day moving average at $0.000140.

Terra Classic Price Prediction: LUNC Price Could Head to the Upside

The Terra Classic price resumes back in the middle of consolidation as the coin moves to cross above the 9-day and 21-day moving averages. The price is now roaming around the $0.000135 level. Meanwhile, if the market continues the upward movement, the $0.000150 resistance level is likely to surface in the next few positive moves. Moreover, 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 could decide to stay under the control of bears, the price may likely roll back to the previous supports at $0.0000350, $0.0000330, and $0.0000310. But as the Relative Strength Index (14) moves to cross above the 40-level, the next resistance levels could be located at $0.000260, $0.000280, and $0.000300 respectively.

LUNC/USD Medium-term Trend: Bearish (4H Chart)

On the 4-hour chart, LUNC/USD is likely to follow the bullish movement as the coin recently exploded above the 9-day and 21-day moving averages. However, the Terra Classic price continues to rise toward the nearest resistance level of $0.000150. Meanwhile, crossing above the upper boundary of the channel could hit the resistance level at $0.000160 SAT and above.

On contrary, any bearish movement below the moving averages could find the support level at $0.000115 and below. Meanwhile, the technical indicator Relative Strength Index (14) is moving to cross above the 50-level, which could increase the bullish movement.

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