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The price of Tera Classic (LUNC) managed to maintain its position, while the bulls kept their interest to protect the support at $0.00027.
Terra Classic (LUNC) Forecast Statistics Data:
- Price of lunch now – $0.00027
- LUNC market value – 1.7 billion dollars
- LUNC distribution supply – 6.15 billion
- Total supply of LUNC – 6.9 trillion
- LUNC Coinmarketcap Rank – #31
LUNC/USD Long Term Trend: Bearish (4H Chart)
Key steps:
Resistance levels: $0.00036, $0.00040, $0.00044
Support levels: $0.00020, $0.00016, $0.00012
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A much-needed break is being seen on the positive side as the LUNC/USD coin trades within the 9-day and 21-day moving averages. At the time of writing, Terra Classic posted a gain of over 4.46% and is above its 21-day moving average by $0.00027.
Terra Classic (LUNC) Forecast: Where is LUNC Price Going Next?
As the coin crosses above the 9-day and 21-day moving averages, the LUNC price resumes in the middle of the consolidation. The price is currently hovering around the $0.00027 level. Meanwhile, if the market continues its upward movement, the resistance level of $0.00030 can be seen in the next few positive movements. More importantly, the LUNC/USD pair may seek higher price levels if the bulls continue to show determination.
However, the market is currently showing signs of buying volatility with lower price action. On the other hand, if LUNC/USD crosses below the 21-day moving average and heads towards the lower border of the channel, the price may return to the previous supports at $0.00020, $0.00016 and $0.00012. But when the relative strength index (14) moves above the 50-level, the next resistance levels can be found at $0.00036, $0.00040, and $0.00044.
LUNC/USD Long Term Trend: Bearish (1H Chart)
On the 1-hour chart, LUNC/USD diverges, as the coin recently traded above the 9-day and 21-day moving averages, rising to a resistance level near $0.00030. Meanwhile, a move towards the upper border of the channel may hit the resistance level at $0.000040 SAT and above.
On the contrary, any bearish move could find the bearish support level at $0.00020 and below. Meanwhile, the technical indicator Relative Strength Index (14) remains above the 50-level.
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