Cryptocurrencies

Terra LUNA Classic Price Prediction As LUNC Resurrects From Its Ashes

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Written By: Abdullah Sarwar

Nov 27, 2023, 14:48 GMT 14:48

Summary:

Terra LUNA Classic price prediction - LUNC/USD is about to flip very bullish due to a breakout above $0.115 resistance.

Terra LUNA Classic (LUNC) price has suddenly woken up after a long slump. After a 28% surge last week, the altcoin is still pumping this week. On Monday, the price is up 20.32% at press time and the outlook is about to flip very bullish.

However, due to a strong surge in the last two weeks, the price has hit a crucial resistance level which may result in at least a temporary pullback on the lower timeframe. This is the $0.0000115 level which I have repeatedly mentioned in my previous articles.

It is worth mentioning here, that the ongoing bullish price action in the Terra Classic is due to the recent rise in the altcoin dominance and the Total 3 market capitalization which recently hit its fresh 52-week highs.

At the time of writing, LUNC crypto is trading at its highest level since April 2023. However, for a bullish Terra LUNA Classic price prediction bulls must flip the $0.0000115 level into a strong support. Such a move may unlock a huge upside.

LUNC/USD Chart

This post was last modified on Nov 27, 2023, 14:48 GMT 14:48

Written By: Abdullah Sarwar

Abdullah Sarwar is a blockchain analyst and a cryptocurrency investor with more than 5 years of experience. He specializes in providing crypto price projections based on their fundamentals and price charts. He is also a successful day trader. He graduated in 2015 with a degree in electronic engineering. In his free time, he loves listening to electronic music and playing with trading bots.