LUNC/USD Price Heads to the Upside

The Terra Classic price prediction reveals that LUNC is moving to cross above the upper boundary of the channel as the coin hits the daily high at $0.000183.

Terra Classic (LUNC) Prediction Statistics Data:

• LUNC price now – $0.000180
• LUNC market cap – $1 billion
• LUNC circulating supply – 5.9 trillion
• LUNC total supply – 6.8 trillion
• LUNC Coinmarketcap ranking – #38

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

Key levels:

Resistance Levels: $0.000250, $0.000270, $0.000290

Support Levels: $0.000100, $0.000080, $0.000060

LUNC/USD is trading above the 9-day and 21-day moving averages as the bulls dominate the market. The 9-day moving average is also a key level in the mission to avert the losses and there is a need for it to cross above the 21-day moving average. Alternatively, the LUNC bulls need to find acceptance above the intraday high of $0.000183 to refuel the recovery momentum.

Terra Classic Price Prediction: Can Terra Classic Price Spike Higher?

The Terra Classic price is stable above $0.000180 as it is currently attempting an upside break above the upper boundary of the channel. Meanwhile, a close above this barrier could open the doors for a larger increase in the coming sessions as LUNC/USD is slowly moving higher. On that note, the key resistance level may be located around $0.000200, while the bulls could hit the potential resistance levels at $0.000250, $0.000270, and $0.000290 in the near term.

On the other hand, if there is no clear break to the upside, there are chances of fresh decline, as the 9-day MA remains below the 21-day MA, the coin may slide and face the negative side. However, the main support may form below the lower boundary of the channel, where the price could dive towards the supports of $0.000100, $0.000080, and $0.000060 while the technical indicator Relative Strength Index (14) moves to cross above the 50-level.

LUNC/USD Medium-Term Trend: Ranging (4H Chart)

On the 4-hour chart, a fresh bullish movement gives the impression that buyers are going to dominate the market. The Terra Classic price rises to fill a significant gap as the bulls take the coin toward the resistance level of $0.000185. In a short time, the Terra Classic price may hit $0.000200 if the bullish pressure continues. Otherwise, the price could revisit the support level of $0.000150 and below.

On the upside, a bullish cross above the upper boundary of the channel could touch the resistance at $0.000220 and above. As of now, the Relative Strength Index (14) is moving within the overbought region, this could mean that the Terra Classic price may continue to trade bullishly.

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