Luna Classic Price Prediction: LUNC Prints Minor Gain as It Attempts to Break Resistance

The Luna Classic price rebounded from a positive medium-term trend line on its daily chart over the past few days, and is currently attempting to establish a position above the $0.00009990 mark. Should it establish a strong position above this key level in the next week, it may have the foundation needed to rise to $0.00014915 in the following few days.

On the other hand, the Luna Classic price getting rejected by the $0.00009990 price point in the upcoming days may put the altcoin at risk of dropping to the subsequent support level at $0.00007930. In an extremely bearish scenario, $LUNC could drop to as low as $0.00005995 if traders continue to exert sell pressure on the crypto’s price.

Technicals Show LUNC Has Entered a Positive Trend

Technical indicators on LUNC’s daily chart suggest that the Luna Classic price may continue to rise in the next 48 hours. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bullish. 

The MACD line recently crossed above the MACD Signal line. This specific technical flag may be a signal that the Luna Classic price has entered into a bullish cycle. In addition to this, the RSI is positioned above its Simple Moving Average (SMA) line, which could be a sign that buyers currently have the upper hand against sellers on LUNC’s daily chart.
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