Since December, when it was worth less than $0.00013, the price of LUNC, the ticker for the cryptocurrency Luna Classic, which runs the original Terra blockchain but isn’t used much anymore, has gone up by an amazing 40%. The bulls still haven’t been able to push the cryptocurrency back above its 100-day and 200-day moving averages. At the time of this writing, LUNC/USD was trading in the $0.00017s, just a bit below recent highs in the $0.00019s.
Even though the cryptocurrency’s short-term technical picture is mostly good, short-term price expectations remain cautiously optimistic.
Price of a Lunc today:
The current value of Luna Classic is $0.0001771 USD.
Date: January 1, 2019 Price: $0.0001771
Price prediction for Terra Luna Classic
Since early October, LUNC and its price in USD have been stuck in a longer-term downtrend. This trend was broken to the north earlier this month. The cryptocurrency also seems to be following a trend that has been going up since the middle of December.
Even though the 100 and 200 DMAs are still in opposition, the 50 and 21 DMAs are now giving support. As buying pressure grows, there is a chance that the price will break above the 100 DMA and the 200 DMA. Around $0.00019, there is a key area of resistance. If it is broken, there could be a sharp rise to the next important resistance area, which is around $0.00027.