Terra Classic Price Prediction for Today, March 4: LUNC/USD Drops to $0.000147 Support

The Terra Classic price prediction shows that LUNC keeps dropping below the moving averages following the current bearish action in the market.

Terra Classic Prediction Statistics Data:

• Terra Classic price now – $0.000148
• Terra Classic market cap – $868.3 million
• Terra Classic circulating supply – 5.9 trillion
• Terra Classic total supply – 6.8 trillion
• Terra Classic Coinmarketcap ranking – #54

LUNC/USD Market

Key Levels:

Resistance levels: $0.000200, $0.000220, $0.000240

Support levels: $0.000110, $0.000090, $0.000070

The daily chart reveals that LUNC/USD has been recording some losses in the last few days. However, the cryptocurrency is seen following the downward movement to touch the daily low at $0.000147. At the moment, the Terra Classic price is currently trading below the 9-day and 21-day moving averages as the price may soon cross below the lower boundary of the channel.

Terra Classic Price Prediction: Terra Classic (LUNC) May Head to the South

The Terra Classic price fails to recover from the current trading levels and crosses above the 9-day and 21-day moving averages. Traders may likely see the cryptocurrency fall to a new trading low, and a break below the $0.000130 support level may provoke an even deeper decline toward the $0.000110, $0.000090, and $0.000070 support levels. However, the short-term technical analysis shows that the support at the lower boundary of the channel may likely serve as strong support for the coin.

Looking at the daily chart, a break above the 9-day and 21-day moving averages may propel Terra Classic to move toward the nearest resistance level of $0.000180; a further push could take it to the resistance levels of $0.000200, $0.000220, and $0.000240 respectively. As it stands now, the technical indicator Relative Strength Index (14) faces the south by crossing below 40-level which may cause the market to experience additional deep fall.

When compares with Bitcoin, Terra Classic (LUNC) is still experiencing another downtrend within the channel, especially in the past few days. The coin may likely break below another solid support at 600 SAT and could slide through the subsequent support level to hit 500 SAT. The critical support level could be located at 450 SAT and below.

However, if the bulls manage to power the market and push the coin above the upper boundary of the channel, traders may likely find the resistance level at 950 SAT and above. Meanwhile, the Terra Classic price is currently changing hands at 664 SAT but a surge in volatility may occur as the technical indicator Relative Strength Index (14) remains within the oversold region, suggesting more bearish signals into the market.

Terra Classic Alternatives

The Terra Classic price may need to undergo a break to the positive side and if the market continues the upward movement, the $0.000160 resistance level is likely to surface in the next few positive moves. Moreover, LUNC/USD pair might look for higher price levels if the bulls show commitment. However, the Fight Out platform truly believes that everyone has the right to be rewarded for their efforts and should have access to customized exercises that don’t cost a fortune. Meanwhile, the FGHT presale is ongoing, and almost $5.5 million has been raised so far.