Terra Classic (LUNC) Price Prediction 2024, 2025–2030 | CoinCodex (2024)

According to our current Terra Classic price prediction, the price of Terra Classic is predicted to rise by 7.66% and reach $ 0.00009305 by October 14, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 50 (Neutral). Terra Classic recorded 17/30 (57%) green days with 5.66% price volatility over the last 30 days. Based on the Terra Classic forecast, it's now a good time to buy Terra Classic.

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Based on the historical price movements of Terra Classic and the BTC halving cycles, the yearly low Terra Classic price prediction for 2025 is estimated at $ 0.00007416. Meanwhile, the price of Terra Classic is predicted to reach as high as $ 0.000229 next year. Using the same basis, here is the Terra Classic price prediction for each year up until 2030.

Terra Classic price prediction 2025

The Terra Classic price prediction for 2025 is currently between $ 0.00007416 on the lower end and $ 0.000229 on the high end. Compared to today’s price, Terra Classic could gain 165.94% by 2025 if LUNC reaches the upper price target.

Terra Classic price prediction 2030

The Terra Classic price prediction for 2030 is currently between $ 0.0₉2988 on the lower end and $ 0.000621 on the high end. Compared to today’s price, Terra Classic could gain 619.32% by 2030 if it reaches the upper price target.

Terra Classic's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, Terra Classic's 200-day SMA will drop in the next month and will hit $ 0.00009557 by Oct 14, 2024. Terra Classic's short-term 50-Day SMA is estimated to hit $ 0.00008961 by Oct 14, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 55.74, which indicates that the LUNC market is in a neutral position.

Popular LUNC Moving Averages and Oscillators for Sat, Sep 14, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Terra Classic Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

Terra Classic Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.00008454, Terra Classic has support levels of $ 0.00008299, $ 0.00008109, and the strongest at $ 0.00007954. Similarly, Terra Classic resistance levels are at $ 0.00008645, $ 0.00008800, and $ 0.00008990.

Terra Classic Correlation

Over the past 7 days, Terra Classic price was most positively correlated with the price of Filecoin (FIL), Fantom (FTM), Cosmos (ATOM), Bitcoin Cash (BCH) and Stacks (STX) and most negatively correlated with the price of StarkNet (STRK), Helium (HNT), Monero (XMR), GALA (GALA) and TRON (TRX).

Terra Classic price is positively correlated with the top 10 coins by market cap with a price of 0.762, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.757.

Currencies that are positively correlated with Terra Classic indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Terra Classic, a move in one direction for Terra Classic would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the Terra Classic price in the future, it’s helpful to also explore Terra Classic’s price history. In the last month, the LUNC/USD pair is down .

Terra Classic Price Analysis

How to read and predict Terra Classic price movements?

Terra Classic traders use a variety of tools to try and determine the direction in which the LUNC market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Terra Classic price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Terra Classic Price Prediction Indicators

Moving averages are among the most popular Terra Classic price prediction tools. As the name suggests, a moving average provides the average closing price for LUNC over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for LUNC is a sum of LUNC’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the LUNC price moves above any of these averages, it is generally seen as a bullish sign for Terra Classic. Conversely, a drop below an important moving average is usually a sign of weakness in the LUNC market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the LUNC price.

How to read Terra Classic charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Terra Classic with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Terra Classic’s price action in 1-hour chunks. Each candlestick will display LUNC’s opening price, closing price, as well as the highest and lowest prices that Terra Classic reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Terra Classic?

Just like with any other asset, the price action of Terra Classic is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of LUNC. The market capitalization of Terra Classic can change significantly in a short period of time.

When trying to make a Terra Classic forecast, many traders also try to monitor the activity of LUNC “whales”, which are entities and individuals that control large amounts of LUNC. Since the Terra Classic market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Terra Classic’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.