Terra Luna Classic had fallen nearly 20% over the last couple of weeks. However, it has recovered a little over the last 48 hours even as volumes have risen. Therefore, is it a buy?
Is Terra Luna Classic a Buy or a Sell? Our Analysis is a BUY
Two major reasons why Terra Luna Classic is a Buy
- Luna Classic has once begun to outperform the benchmark cryptocurrencies
2. LUNC Bulls have managed to create a support level just below $0.00009. With markets likely to gradually improve, things could only get better for Luna Classic
Is Terra Luna Classic a Buy or a Sell? What are the risks?
- LUNC does not have a high correlation with Market performance. There are instances when both the market and Terra Luna Classic have risen in Tandem but there are a large number of instances when that has not occurred. Therefore, it is presumptive to assume LUNC will follow the market higher
- Part of the reason LUNC has done well is due to community mobilization. However, that has eased a little or perhaps is quite inconsistent. This isn’t helping LUNC sustain any rise.
Therefore, those who have a large portion of their investment in Terra Luna Classic are better off reallocating elsewhere. Diversifying the allocation will reduce the risk of 100% loss without eliminating the possibility of very high returns.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.