Crypto

Will TerraClassic (LUNC) Price Slash a Zero this September?

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TerraClassic price is currently invincible as the asset is gearing up to regain the lost levels at the earliest. As Coinpedia has reported earlier, the LUNC price is displaying a similar price movement and healing strongly towards $0.00035. The price is currently trading very close to $0.0003 and as the selling pressure is negligible, the probability of rejection is fewer. 

The LUNC price has raised by more than 135% in the past week and appears to repeat a similar upswing through the current week. The asset has just broken above the bullish pennant and hence may undergo an upswing of nearly 20% in the next couple of hours. Therefore, if the price manages to close to the day’s trade above $0.0003, then may forecast a significant bull run ahead. 

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The LUNC price in the short-term, sliced through the apex of the symmetrical triangle and raised high looking to retest the resistance at $0.0003 at the earliest. However, the LUNC may experience a slight pullback in the next 2 to 4 hours as the RSI is hovering above the resistance and may tend to drop slightly before pulling the next leg up. 

In an interesting update, one of the popular exchanges, FTX in a recent announcement suspended the deposits & withdrawals for LUNC & USTC. Moreover, the platform will also delist Anchor Protocol(ANC) for the Spot & Future trades from September 12. 

However, the Terra Classic (LUNC) price does not appear to be impacted by any odds within the crypto space. Therefore, may continue with a firm upswing until it squashes a zero from its value soon. 

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