LUNC is gearing up for another bullying run.

Join our Telegram Channel to get current information on current news coverage

Terra Classic (LUNC) price forecast – September 16
In recent events, the Terra Classic market has faced corrections in the price of the US dollar, a situation that has now allowed the crypto economy to have another mass run in the lower trading zone. Yesterday’s session recorded a low of $0.0002438 and a high of $0.0003. Price is currently trading around the $0.0002828 line with a positive average of 10.97.

Terra Classic (LUNC) price statistics:
Price of lunch now – $0.0002823
LUNC market value – 1.7 billion dollars
LUNC distribution supply – 6.2 trillion
Total supply of LUNC – 6.9 trillion
Coinmarketcap Rank – #32

Lunch / US dollar market
Key steps:
Resistance levels: $0.00035, $0.00040, $0.00045
Support levels: $0.0002, $0.00015, $0.0001

LUNC/USD – Long term chart
The long-term chart of LUNC/USD shows that the crypto-economy is adjusting for another bullish run at a low trading position around the minor SMA trend line. The 50-day SMA indicator is at $0.0001681, under the 14-day SMA indicator, which is at $0.0002767. The bullish trendline has drawn northward from the $0.00010 support level to touch a point below the $0.00030 level, where the market may finally gain momentum. The Stochastic Oscillators are in the oversold range to touch the 2.95 and 1.82 moves.

Buy Terra Classic now

Your capital is at risk.

Punt Crypto Casino Banner

What direction trading bias will the LUNC/USD market go after?

As the LUNC/USD market transitions into another bullish run, a distinct directional move against the downtrend it has been expecting for two sessions. As the silver candlestick emerges, sell trades are gradually losing position around the 14-day SMA trading trend line. Long position importers and investors can dim their ability to initiate buy orders and add to the portfolio, while the price may drop towards the 50-day SMA value line at $0.0001681.

On the downside of the technical analysis, the Stochastic Oscillators reading area in the oversold region with the formation of a bullish candlestick shows that the bears in this market began to stop the risk of losing momentum around the trend line of the small SMA. Conversely, if a reversal were to emerge on the upside, it could lead to a consolidation at the $0.00020 support level for a period of time before running into a completely bearish trend.

Lunch/USD Intermediate Chart

The medium-term chart of LUNC/USD shows that the crypto economy is setting up for another bullish run below the SMAs trend lines. Terra Classic’s trending ability has moved significantly into correction mode in conjunction with the US dollar. The 14-day SMA indicator crossed south to touch the 50-day SMA indicator from above. The combination of SMA trading indicators shows that the key resistance points of the current trading momentum are around $0.0003187 and $0.0003193. Stochastic Oscillators seem to be trying to cross northward from the 20 range at the 22.83 and 25.10 range prices.

Tamadoge – Meme Play to earn coins

Tamadoge logo
  • Get TAMA in battles with Doge’s pets
  • Sealed Supply of 2 Billion, Token Burn
  • NFT based Metaverse game
  • Presale Live Now –

Tamadoge logo

Read more:

Join our Telegram Channel to get current information on current news coverage

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *