- The Terra Classic (LUNC) price has skyrocketed 83% over the past month.
- LUNC was able to break above the key resistance level at $0.00011695 and continued to trade above this level at press time.
- Technical indicators suggested that LUNC may attempt to break above $0.00014915 before rising to as high as $0.0002.
Terra Classic (LUNC) has experienced a meteoric rise over the past month. CoinMarketCap data indicated that the cryptocurrency’s value has risen a remarkable 83% in the last 30 days. The bulk of this surge was recorded during the last 7 days, a period which saw LUNC’s value climb more than 61%. At press time, technical indicators suggested it could continue rising.
Daily chart for LUNC/USDT (Source: TradingView)
LUNC was able to break above the $0.00011695 resistance level in the last couple of days and continued to trade above this mark at press time. If the altcoin is able to close a daily candle above this significant price point, then LUNC may have the foundation needed to rise to the subsequent barrier.
In this bullish scenario, LUNC may embark on a journey towards $0.00014915. This will be the last major obstacle standing in the way of L…
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