The price of LUNC, the ticker for the Luna Classic cryptocurrency, which runs the original Terra blockchain, which is now largely inactive, has increased by an astonishing 40% from the lows it printed in December when it was worth less than $0.00013. With the bulls still failing to move the cryptocurrency back north of its 100 and 200-Day Moving Averages, LUNC/USD was last trading in the $0.00017s, just a bit below recent highs in the $0.00019s.

Although the near-term technical picture for the cryptocurrency is largely good, short-term price expectations remain cautiously hopeful.

Today’s Lunc Price

Luna Classic’s price today is $0.0001771 USD

Terra Luna Classic Price Prediction

A longer-term downtrend that had been limiting LUNC/price USD’s activity since early October was broken to the north earlier this month. A channel of upward trend that has been in effect since mid-December also appears to be in play for the cryptocurrency.

The 50 and 21DMAs of LUNC are now offering support, even though the 100 and 200DMAs are still offering opposition. According to the overall technical picture, a break above the 100 and 200DMAs is possible as buying pressure is growing. A crucial zone of resistance is located around $0.00019. If it is broken, there might be a sharp rise to the next significant resistance region, which is around $0.00027.

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