Terra Classic (LUNCUSD) Price Forecast: December 4
Amidst the recent upsurge in the crypto market, the LUNCUSD price maintains its upward trend above the supply levels while recovering and showing positive signs above the $0.0001379 supply level. Hence, if all the support holds with sustained buying, the coin may likely rise further and the next price target might be the $0.0001600 upper high mark and beyond.
Key Levels:
Resistance Levels: $0.00010000, $0.00011000, $0.00012000
Support Levels: $0.00009000, $0.00008000, $0.00007000
LUNC (USD) Long-term Trend: Bullish (Daily Chart)
The LUNCUSD pair is experiencing a jolly bullish move in its long-term view. The coin price is trading above the moving averages with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.
The bulls have sustained the crypto market at the $0.0001463 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger at the moment.
Earlier today, the coin buyers maintained their upward trend by pushing the price of Terra Classic upward to a $0.0001542 high point, resulting in an intraday gain.
Thus, a sharp breakout and closure above the current correction phase at a $0.0001463 high value will invalidate any bearish thesis and focus on the ultimate breakout to the upper resistance level and beyond.
Notably, the LUNCUSD pair however shows the continuation of bullish sentiment as indicated by the momentum indicator. Thus, the next bulls’ target might be the $0.0001600 high level sooner as it maintains its upward trend in its long-term outlook.
LUNC (USD) Medium-term Trend: Bullish (4H Chart)
Terra Classic is in a positive movement today. The coin price maintains its upward trend above the supply level in its medium-term time frame. This looks nice for the buy trader and signifies a buy signal. 
In the previous actions the coin has been having high interference from buyers which made it easier for the crypto to maintain a stable upside moves in its recent time.
The coin price breakout at the $0.0001510 resistance value above the EMA as the 4-hour chart opens today indicates the high buying impact from the bulls resulting in intraday gains.
Thus, a possible breakout from the current neckline will accelerate the buying momentum and push the prices higher to hit the 0.0001586 previous resistance levels. This will bolster more buying pressure on the crypto to the upper resistance levels.
More to this, with the daily signal pointing upwards, there is a tendency for the LUNCUSD price to rise further, if the support level holds, this will enable buyers to take the price up to a high of $0.0001600 level soon in its medium-term perspective.
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