Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. img fetchpriority="high" decoding="async" class="alignnone size-full wp-image-141298" src="https://cryptonews.com/wp-content/uploads/2023/12/1702382075-is-terra-luna-classic-going-to-zero-lunc-price-dumps-11-as-new-mining-protocol-secures-5-1-million.jpeg" alt="Is Terra Luna Classic Going to Zero? LUNC Price Dumps 11% as New Mining Protocol Secures $5.1 Million." width="1400" height="934" srcset="https://cryptonews.com/wp-content/uploads/2023/12/1702382075-is-terra-luna-classic-going-to-zero-lunc-price-dumps-11-as-new-mining-protocol-secures-5-1-million.jpeg 1400w, https://cryptonews.com/wp-content/uploads/2023/12/1702382075-is-terra-luna-classic-going-to-zero-lunc-price-dumps-11-as-new-mining-protocol-secures-5-1-million-300x200.jpeg 300w, https://cryptonews.com/wp-content/uploads/2023/12/1702382075-is-terra-luna-classic-going-to-zero-lunc-price-dumps-11-as-new-mining-protocol-secures-5-1-million-1024x683.jpeg 1024w, https://cryptonews.com/wp-content/uploads/2023/12/1702382075-is-terra-luna-classic-going-to-zero-lunc-price-dumps-11-as-new-mining-protocol-secures-5-1-million-768x512.jpeg 768w, https://cryptonews.com/wp-content/uploads/2023/12/1702382075-is-terra-luna-classic-going-to-zero-lunc-price-dumps-11-as-new-mining-protocol-secures-5-1-million-150x100.jpeg 150w" sizes="(max-width: 1400px) 100vw, 1400px" / The LUNC price has remained flat in the past 24 hours, with the altcoin struggling to recover after dumping by as much as 11% in the last couple of days. At $0.00018135, LUNC has fallen by 23% in a week, although it has actually risen by 92% in a fortnight and by 109% in a month. Yet the coin now seems to be correcting after a period of exuberance within the Terra Luna Classic community, with further losses potentially likely in the coming days. However, there are alternative alts for traders to consider, with stake-to-mine platform Bitcoin Minetrix raises over $5 million its presale as it prepares to list. Is Terra Luna Classic Going to Zero? LUNC Price Dumps 11%. LUNC?s chart suggests that the coin may need to fall a little further at least before it can right itself and begin growing again. For one, its RSI (purple) has fallen from 90 at the start of the month to just under 60 today, leaving it with plenty of room to continue dropping further before it enters oversold territory. Not only that, but LUNC?s 30-day average (yellow) has now been well above its 200-day (blue) for a few weeks now, implying that it may be due a correction. Having said that, LUNC?s volume is still much higher now than where it was a few weeks and months ago, indicating healthier interest in the coin. Also, the altcoin had suffered so much heavy overselling in previous months that it can certainly stand to enjoy a few months of more or less sustained increases. Whether LUNC enjoys such increases will depend on whether it can build on the hope and momentum it generated a few weeks ago, when the Terra Luna Classic community implemented a proposal to halt all minting of new USTC (LUNC?s associated stablecoin). This boosted the price of USTC massively, as well as... https://cryptonews.com/news/is-terra-luna-classic-going-to-zero-lunc-price-dumps-11-as-new-mining-protocol-secures-5-1-million.htm #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #altcoins #altcoinsnews #altcoinsnewstoday #lunc #luncnews #luncnewstoday #technicalanalysis #technicalanalysisnews #technicalanalysisnewstoday #terralunaclassic #terralunaclassicnews #terralunaclassicnewstoday #terralunaclassicpriceprediction #terralunaclassicpricepredictionnews #crypto ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could?ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, rippleMore Info