BinanceTerra - LUNATerra Luna Classic - LUNC

Binance Awaits Rally For Terra Luna Classic! / Lunc Coin Technical Analysis / Crypto News Today

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Hello, welcome today We have news about Cryptocurrency. Binance Awaits Rally For Terra Luna Classic! / Lunc Coin Technical Analysis / Crypto News Today I prepared it, have a good time 🙂

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Luna Classic price is approaching a breakout.

Luna Classic price has been falling since the first days of November, touching the descending trend resistance line. He recorded a number of LL levels throughout the process. Technically speaking, the RSI data is producing higher lows (HL) for these periods, showing that the momentum is picking up. This mismatch is called bullish bias. Usually, in this case the Luna Classic price is resolved by a rise for the underlying asset available.

Another FTXStreet analyst, Akash Girimath, says that LUNC price could visit critical supports around $0.000220 in this case. This move will represent a 22% increase. A local top for LUNC may form here, while said resistance reversal will show bulls hungry for more. According to the analyst, such a development will increase the momentum to $ 0.000277, bringing the total earnings to 50 percent.

On the upswing for LUNC, a break of the $0.000161 support level will create a lower low. So he will suggest that the ascension thesis is invalid. This move will allow traders to regroup in the three-day demand zone stretching from 000115 to $0.000140. This means an additional 12% decrease.

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