Terra Classic (LUNC) Starts a Steady Upside Retracement
Login

Terra Classic (LUNC) Starts a Steady Upside Retracement

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more



The Terra Classic market has continued to trend upward. The rebound was initially quite strong, but the intensity seems to have reduced over time. Nevertheless, upside forces remain in charge and are currently advancing the market toward higher price levels.

Terra Classic Statistics:
Current LUNC Value: $0.0001686
LUNC Market Cap: $982,483,656
Terra Classic Circulating Supply: 5,831,755,627,131
Terra Classic Total Supply: 6,802,364,871,851
LUNC CoinMarketCap Rank: 104

Key Price Levels:
Resistance: $0.0001686, $0.0001700, and $0.0001800
Support: $0.0001600, $0.0001500, and $0.0001400

Terra Classic (LUNC) Starts a Steady Upside Retracement

Terra Classic Bulls Retain the Lead

The bulls have stayed dominant in the LUNC market, considering their appearance for an extended period of seven sessions in a row. This seems quite significant and also shows the relentless nature of upside forces in this market. The ongoing session so far has appeared as a moderately sized green price candle.

The corresponding price candle to the ongoing session has very little upper shadow and has crossed the 50 level of the Fibonacci Retracement Level. While price action remains above the Guppy Multiple Moving Average (GMMA) indicator lines, the Moving Average Convergence Divergence lines are on the verge of an upside crossover. Consequently, this will add more strength to the ongoing price move.

Terra Classic (LUNC) Starts a Steady Upside Retracement

LUNC Upside Retracement Persists

In the Terra Classic 4-hour market, it can be seen that price action stays in the green. The last price candle here continues to pursue higher ground. In fact, it can be seen that it has further advanced the price of the token by a fraction. Yet technical indicators are still positive about continued bullish moves. Price action stays above the GMMA lines on the daily chart.

Also, MACD indicator lines are still trending upward after crossing the equilibrium level. Furthermore, the bars of the indicator, although now pale green, are still appearing above the equilibrium level. Consequently, this suggests that bullish crypto signals are still usable in this market, as the price could rise to the $0.0001800 mark.

Trade crypto coins on AvaTrade

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News