\nTerra Classic Price Prediction: A minor pullback should replenish exhausted bullish momentum for a higher rally\t\t\t\t<\/p>\n
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![\"LUNC](\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/1omd4zgo-e1700397859868.png\")
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Terra Classic Price Prediction: The cryptocurrency market is currently navigating through a phase of uncertainty, exacerbated by the US SEC\u2019s delay in approving some Bitcoin spot ETFs<\/a>. This development has had a ripple effect on the broader altcoin market, including LUNC (Luna Classic), which has experienced a significant downturn. The Bitcoin price\u2019s recent retraction from the $38,000 level has intensified selling pressure in the altcoin sector. Consequently, the LUNC value decreased from $0.000097 to $0.000075, marking a 22% loss within two weeks. Should investors worry about further correction?<\/span><\/p>\n <\/p>\n Also Read: Bitcoin ETF: SEC Reportedly in Talks With Exchanges<\/a><\/p>\n Analyzing the Terra classic coin<\/a> performance from mid-October to early November reveals a notable 79% surge in its price, from $0.0000542 to $0.000079. This rally was characterized by the breach of several key technical levels, including the resistance trendline of a falling channel pattern and the daily EMAs (20, 50, 100), along with the horizontal resistance level at $0.000076.\u00a0<\/span><\/p>\n <\/p>\n However, the coin faced a setback after reaching a local high of $0.0000967, mainly due to the prevailing market uncertainties. At present, the LUNC price<\/a> is trading around $0.0000762, attempting to hold above the $0.000075 support level, which coincides with the 50% Fibonacci retracement level.\u00a0<\/span><\/p>\n According to Fibonacci retracement principles, such a correction is typically seen as healthy within an overall bullish trend, and it may increase the likelihood of an upward trend continuation.\u00a0<\/span><\/p>\n<\/blockquote>\n If LUNC price manages to maintain above this crucial support, it could pursue higher targets as set by the channel pattern breakout, potentially reaching $0.000114, $0.00013, and $0.000144.<\/span><\/p>\n <\/p>\n The price behavior of Terra classic coin over the last six months reveals that it has been underperforming compared to Bitcoin. While the BTC price chart showed a consistent incline to higher levels, the LUNC price movements have been predominantly sideways, with some momentum gained in mid-October. Given the strong overhead resistance, LUNC holders are advised to proceed with caution.<\/span><\/p>\n \n Share this article on:<\/p>\n –><\/p>\n Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading <\/p>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\nHealthy Retracement Sets LUNC Rally Above $0.0001<\/b><\/h2>\n
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![\"TradingView](\"https:\/\/s3.tradingview.com\/snapshots\/q\/qxEF1Pyr.png\")
Source- Tradingview\u00a0<\/span><\/p>\n\n
LUNC vs BTC Performance<\/b><\/h2>\n
![\"LUNC](\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/image_2023-11-19_18-05-20-e1700397739313.png\")
Source: Coingape| Terra Classic Vs Bitcoin Price<\/span><\/p>\n\n
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