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Terra Classic Price Prediction: LUNC Waxes Higher in a Bullish Trend

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Terra Classic (LUNC) Price Prediction – September 5
Some of the selling activities in the LUNC/USD market have been nullified over a couple of sessions as the crypto economy waxes higher in a bullish trend. In the last seven days, the price has been trading between $0.0001305 and $0.0003402, representing the low and the high-value points. Presently, the percentage rate is at 15.86 positives.

Terra Classic (LUNC) Price Statistics:
LUNC price now – $0.0003291
LUNC market cap – $2 billion
LUNC circulating supply – 6.2 trillion
LUNC total supply – 6.9 trillion
Coinmarketcap ranking – #206

LUNC/USD Market
Key Levels:
Resistance levels: $0.00040, $0.00045, $0.00050
Support levels: $0.00030, $0.00025, $0.00020
LUNC/USD – Lon-term Chart
The long-term chart showcases the LUNC/USD market waxes higher in a bullish trend that price has concurrently been finding support around the buy signal side of the smaller SMA’s trend line. The 14-day SMA indicator is at the $0.00024828 level underneath the $0.00018034 value line of the 50-day SMA indicator. The bullish trend line drew alongside the psychological points where the market has been finding support around the smaller SMA tool. The Stochastic Oscillators have swerved northbound to position around 68.58 and 86.34 range values.

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Will the LUNC/USD market break past the $0.00040 resistance level soon?

With the current pace of gravitational force by the LUNC/USD market bulls, has the probability to further past the $0.00040 resistance level in the following session as the crypto economy waxes higher in a bullish trend. Technically inclined, it is that intending investors consider joining the motion now. If the trade reverses downward, they not to be panic. Instead, it will be another round of buying opportunities to re=buy at lesser values.

On the downside of the technical analysis, the LUNC/USD market sellers will leverage their trading approach by trying to be alert to spot an intense retracement that can emanate from rejection at a higher-resistance trading spot before exerting a selling order. The presumed scenario may gain a signal by an emergence of a bearish candlestick at any point of the current trading cycle.

LUNC/USD Medium Chart

The medium-term chart portrays the LUNC/USD market waxes higher in a bullish trend. The 14-day SMA indicator is at $0.00026358 above the $0.00023853 value line of the 50-day SMA indicator. The Stochastic Oscillators have conjoined tightly in the overbought region, indicating a consolidation moving manner as they maintain 100 range points within. That suggests the base crypto risk the potency of declining some momentum against its counter-trading fiat currency in no time.

 

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