Terra Classic (LUNC) Price Prediction 2022 – Will LUNC Hit $0.5 Soon?

Terra Classic (LUNC) Price Prediction 2022 - Will LUNC Hit $0.5 Soon?
  • Bullish LUNC price prediction for 2022 is $0.00024165.
  • The LUNC price will also reach $0.5 soon.
  • Bearish LUNC price prediction for 2022 is $0.00005051.

In Terra Classic (LUNC) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about LUNC to analyze the future movement of the cryptocurrency. 

Terra Classic (LUNC) Current Market Status

According to CoinGecko, the price of Terra Classic (LUNC) is $0.00009787 with a 24-hour trading volume of $34,276,052 at the time of writing. However, LUNC has decreased to 1.4% in the last 24 hours. 

Currently, Terra Classic (LUNC) trades in cryptocurrency exchanges such as Binance, Bithumb, KuCoin, FTX, Huobi Global, BKEX, DigiFinex, Gate.io, and Bitvavo.

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 f 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 (LUNC) Price Prediction 2022

Terra Classic (LUNC) price prediction 2022 is explained below with a daily time frame.

LUNC/USDT Rounding Bottom Pattern (Source: Tradingview)

The above chart of Terra Classic (LUNC) laid out a rounding bottom pattern. The price movements form a pattern that resembles a bow and hence is also known as the saucer bottom pattern. In general, the rounding bottom pattern indicates a long-term price reversal. This pattern also emphasizes the changes in the market sentiment as the trend seems to shift from bearish to bullish.

Investors generally have to stay cautious and time the market well. If the price breaks and moves past the resistance level, it will enter a confirmed bullish trajectory.

Currently, Terra Classic (LUNC) is at $0.00011657. If the pattern continues, the price of LUNC might reach the resistance level of $0.00017, and $0.0061543. If the trend reverses, then the price of LUNC may fall to $0.00004646.

Terra Classic (LUNC) Support and Resistance Levels

The chart below shows the support and resistance levels of Terra Classic (LUNC).

      LUNC/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Terra Classic (LUNC).

Resistance Level 1$0.00016329
Resistance Level 2$0.00024165
Support Level 1$0.00010723
Support Level 2$0.00008018
Support Level 3$0.00005051
LUNC Resistance & Support Level

The charts show that LUNC has performed a bullish trend over the past month. If this trend continues, LUNC might run along with the bulls overtaking its resistance level at $0.00024165.

Accordingly, if the investors turn against the crypto, the price of the LUNC might plummet to almost $0.00005051, a bearish signal.

Terra Classic (LUNC) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Terra Classic (LUNC) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of LUNC lies below the cutoff line, indicating very weak participants in the current trend.

LUNA/USDT RVOL, MA, RSI (Source: TradingView)

Moreover, the Moving Average (MA) of Terra Classic (LUNC) is shown in the above chart. Notably, the LUNC price lies above 50 MA (short-term), so it is completely in an upward trend. Currently, LUNC is in a bullish state. There is a possibility of a reversal trend of LUNC at any time.

Meanwhile, the relative strength index (RSI) of the LUNC is at a level of 55.81. This means that LUNC is nearly in an overbought state. If the RSI level goes above 70, it will enter a complete overbought state. Hence, it might give confidence to the traders to trade without any fear.

Terra Classic (LUNC) Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of Terra Classic (LUNC). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

LUNC/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Terra Classic (LUNC). Currently, LUNC lies in the range of 27.041, indicating a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of Terra Classic (LUNC). RVI measures the constant deviation of price changes over a period of time. The RVI of LUNC lies above 50, indicating high volatility. In fact, LUNC’s RSI is at 55.81, thus confirming a potential sell signal.

Comparison of LUNC with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Terra Classic (LUNC).

BTC Vs ETH Vs LUNC Price Comparison (Source: TradingView)

From the above chart, the trend of LUNC varies with the trends of BTC and ETH. There seems to be no correlation between the price action of LUNC, BTC, and ETH. 

Terra Classic (LUNC) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Terra Classic (LUNC) might probably attain $0.7 by 2023.

Terra Classic (LUNC) Price Prediction 2024

With several upgrades in the network and attainment of positive market sentiment, Terra Classic (LUNC) might enter a bullish trajectory. If the coin grabs the attention of major investors, LUNC might rally to hit $1 by 2024. 

Terra Classic (LUNC) Price Prediction 2025

If Terra Classic (LUNC) sustains major resistance levels and continues to be recognized as a good investment option among investors for the next 3 years, LUNC would rally to hit $1.6.  

Terra Classic (LUNC) Price Prediction 2026

If Terra Classic (LUNC) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, LUNC would rally to hit $2.5. 

Terra Classic (LUNC) Price Prediction 2027

If Terra Classic (LUNC) sustains major resistance levels and regains its territory in the market in the next 5 years, LUNC would rally to hit $3.5. 

Terra Classic (LUNC) Price Prediction 2028

If Terra Classic (LUNC) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, LUNC would hit $4.7.

Terra Classic (LUNC) Price Prediction 2029

If investors flock in and continue to place their bets on Terra Classic (LUNC), it would witness major spikes. LUNC might hit $6 by 2029.

Terra Classic (LUNC) Price Prediction 2030

With greater advancements in the Terra Classic ecosystem, the crypto community might continue to invest in Terra Classic (LUNC) for the next 8 years and drive significant price rallies for the token. Hence, Terra Classic (LUNC) might hit $8 by 2030.

Conclusion

With continuous improvements in the Terra Classic network, we can say that 2022 is a good year for LUNC. For this reason, the bullish price prediction of Terra Classic (LUNC) in 2022 is $0.00024165. On the other hand, the bearish price prediction of Terra Classic (LUNC) for 2022 is $0.00005051.

Furthermore, with the advancements and upgrades in the Terra Classic ecosystem, the performance of Terra Classic (LUNC) might hit $0.5 gaining investors’ attention. It would also rise above its all-time high (ATH) of $119.18 in the near future.

FAQ

1. What is Terra Classic (LUNC)?

Terra Classic (LUNC) is the native crypto coin of the Terra Classic. Terra Classic is a proof-of-stake (PoS) built on Cosmos SDK and Tendermint. Terraform Labs launched the mainnet in 2019. LUNC was Terra’s collateral token for its assembly of stablecoins.

2. Where can you purchase Terra Classic (LUNC)?

Terra Classic (LUNC) has been listed on many crypto exchanges, including Binance, Bithumb, KuCoin, FTX, Huobi Global, BKEX, DigiFinex, Gate.io, and Bitvavo.

3. Will Terra Classic (LUNC) reach a new ATH soon?

With the ongoing developments and upgrades within the Terra Classic platform, Terra Classic (LUNC) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Terra Classic (LUNC)?

On April 05, 2022, Terra Classic (LUNC) reached its new all-time high (ATH) of $119.18.

5. Is Terra Classic (LUNC) a good investment in 2022?

Terra Classic (LUNC) has been one of the top-gaining cryptocurrencies at the beginning of Q2 2022. If investors gain back their trust in the crypto, LUNC will be considered a good investment in 2022.

6. Can Terra Classic (LUNC) reach $0.5

Since May, Terra Classic (LUNC) has been subjected to extreme bearish conditions. If Terra Classic (LUNC) recovers and moves onto a long-term bullish trend, LUNC will hit $0.5 soon.

7. What will be Terra Classic (LUNC) price by 2023?

Terra Classic (LUNC) price is expected to reach $0.7 by 2023.

8. What will be Terra Classic (LUNC) price by 2024?

Terra Classic (LUNC) price is expected to reach $1 by 2024.

9. What will be Terra Classic (LUNC) price by 2025?

Terra Classic (LUNC) price is expected to reach $1.6 by 2025.

10. What will be Terra Classic (LUNC) price by 2026?

Terra Classic (LUNC) price is expected to reach $2.5 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.