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Terra Classic (LUNC) Prices Soar as Bulls Take Control of Market

• Terra Classic (LUNC) is trading above the 9-day and 21-day moving averages as the bulls dominate the market.
• The Terra Classic price prediction reveals that LUNC is moving to cross above the upper boundary of the channel as the coin hits the daily high at $0.000183.
• A close above the intraday high of $0.000183 could open the doors for a larger increase in the coming sessions as LUNC/USD is slowly moving higher.

At the time of writing, Terra Classic (LUNC) is trading at an intraday high of $0.000183 after an impressive run over the past few days. The LUNC/USD pair has been trading in a range between the support at $0.000100 and the resistance at $0.000250. On the daily chart, LUNC/USD has been trading above the 9-day and 21-day moving averages as the bulls dominate the market.

The Terra Classic price prediction reveals that LUNC is moving to cross above the upper boundary of the channel as the coin hits the daily high at $0.000183. If the bulls can push the price above the intraday high, it could open the doors for a larger increase in the coming sessions as LUNC/USD is slowly moving higher. In this scenario, we could see the coin breaking past the resistance at $0.000200 and then $0.000250.

On the downside, if the price fails to break past the resistance at $0.000250, the bears could take control of the market and push the price back down to the support levels of $0.000100, $0.000080, and $0.000060. The 9-day moving average is also a key level in the mission to avert the losses and there is a need for it to cross above the 21-day moving average.

At the moment, the market sentiment is positive and traders are optimistic that the price of LUNC/USD will continue to move higher. With the total supply of 6.8 trillion and the circulating supply of 5.9 trillion, Terra Classic is ranked #38 on Coinmarketcap and has a market cap of $1 billion. The bulls will need to stay focused and remain committed to their mission of pushing the price higher if they want to see a bullish trend in the near future.