{"id":385549,"date":"2023-04-10T11:03:27","date_gmt":"2023-04-10T11:03:27","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=385549"},"modified":"2023-04-10T11:03:27","modified_gmt":"2023-04-10T11:03:27","slug":"terra-luna-classic-price-prediction-lunc-at-risk-of-more-losses-despite-recent-rebound","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/terra-luna-classic-price-prediction-lunc-at-risk-of-more-losses-despite-recent-rebound","title":{"rendered":"Terra Luna Classic Price Prediction: LUNC At Risk Of More Losses Despite Recent Rebound"},"content":{"rendered":"

Terra Luna Classic price was turning down after undoing all the gains made on Saturday as Bitcoin<\/a> oscillated around the $28,000 psychological level. While LUNC<\/a> is fighting to hold above the descending triangle, it lacks the momentum required to sustain the recovery. <\/span><\/p>\n

Like other digital assets, Terra Luna Classic is struggling to sustain the uptrend ahead of Consumer Price Index (CPI) data expected to be released by the U.S. Bureau of Labor Statistics on Wednesday this week. This together with fresh insights from the U.S. Federal Reserve’s monetary policy is expected to spark volatility in the market.  <\/span><\/p>\n

The release of CPI data is scheduled for April 12 and since it is usually accompanied by increased volatility in crypto price, it is a key event to watch out for. There could be “fakeouts” in the run-up to the report by the Bureau of Labour Statistics office. <\/span><\/p>\n

It is also expected that the Reserve will further produce the minutes of its latest Federal Open Market Committee (FOMC) meeting, during which it opted to continue raising interest rates.<\/span><\/p>\n

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🇺🇸U.S. ECONOMIC DATA THIS WEEK:<\/p>\n

*CPI INFLATION (WED.)
*FED FOMC MINUTES (WED.)
*PPI INFLATION (THURS.)
*JOBLESS CLAIMS (THURS.)
*RETAIL SALES (FRI.)
*CONSUMER SENTIMENT (FRI.)<\/p>\n

👉 https:\/\/t.co\/bneV2jxHmr<\/a> $DIA<\/a> $SPY<\/a> $QQQ<\/a> pic.twitter.com\/yJ4hpxJE7c<\/a><\/p>\n

— Investing.com (@Investingcom) April 9, 2023<\/a><\/p><\/blockquote>\n