According to the leading analysts of the market, the price predictions of the short-term Terra Luna Classic point to the bullish direction. This is due to the fact that the technical outlook is bullish in light of the cryptocurrency’s recent rise from a key medium-term support level.
It was stated that the rise in the price of LUNC could be an indication that the bulls are preparing for a higher rise towards the 0.000185-19 dollar balance area. A possible breakout of the indicated level could open the door for a larger move to the early November highs of the 0.00020 dollar level and the 0.00035 dollar region.
However, in terms of the broader direction of the cryptocurrency for the remainder of the year, the focus is on the chance of a positive shift in macro sentiment to rekindle risk appetite in the cryptocurrency markets.
Source: https://cryptonews.com/news/terra-luna-classic-price-prediction-for-2023-can-lunc-go-1.htm
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