In this Terra Classic (LUNC) price prediction 2023, 2024, 2025-2030, we will analyze the price patterns of LUNC by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency.
Terra Classic (LUNC) Current Market Status
What is Terra Classic (LUNC)
Terra Classic (LUNC) is one of the cryptocurrencies that can never be forgotten by the crypto community. The wild crash of this token is a major catastrophic story of the 2022 bear market.
Terra Classic (LUNC) was launched by Do Kwon’s Terraform Labs in 2019. The old version of the blockchain, Terra Classic, was launched as a proof-of-stake (PoS) blockchain built on Cosmos SDK and Tendermint. LUNC existed as a collateral token that backed a family of decentralized stablecoins of the Terra ecosystem. Terra ClassicUSD (USTC) is Terra’s algorithmic stablecoin that was backed by LUNC.
Later, in order to regain their spot in the market, Do Kwon and the Terra team came up with the creation of a new blockchain devoid of the algo-stablecoin and launched the new coin called Terra (LUNA).
Terra Classic 24H Technicals
(Source: TradingView)
Terra Classic (LUNC) Price Prediction 2023
Terra Classic (LUNC) ranks 92nd on CoinMarketCap in terms of its market capitalization. The overview of the Terra Classic price prediction for 2023 is explained below with a daily time frame.
LUNC/USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, Terra Classic (LUNC) laid out a horizontal channel pattern. Horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.
At the time of analysis, the price of Terra Classic (LUNC) was recorded at $0.00006372. If the pattern trend continues, then the price of LUNC might reach the resistance levels of $0.00006779, and $0.00008349. If the trend reverses, then the price of LUNC may fall to the support of $0.00006066, and $0.00005453.
Terra Classic (LUNC) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Terra Classic (LUNC) in 2023.
LUNC/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of Terra Classic (LUNC) for 2023.
LUNC Resistance & Support Levels
Terra Classic (LUNC) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Terra Classic (LUNC) are shown in the chart below.
LUNC/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Terra Classic (LUNC) market in 2023.
Terra Classic (LUNC) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Terra Classic (LUNC) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
LUNC/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Terra Classic (LUNC).
Comparison of LUNC with BTC, ETH
Let us now compare the price movements of Terra Classic (LUNC) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs LUNC Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of LUNC is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of LUNC also increases or decreases respectively.
Terra Classic (LUNC) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Terra Classic (LUNC) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Conclusion
If Terra Classic (LUNC) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Terra Classic (LUNC) price prediction for 2023 is $0.00012868. Comparatively, the bearish Terra Classic (LUNC) price prediction for 2023 is $0.00003665.
If there is a positive elevation in the market momentum and investors’ sentiment, then Terra Classic (LUNC) might hit $0.001. Furthermore, with future upgrades and advancements in the Terra Classic ecosystem, LUNC might surpass its current all-time high (ATH) of $119.18 and mark its new ATH.
This content was originally published by our partners at The News Crypto.