Analyst: Beware of This Altcoin Exploding 120%, It Will Disappear!

  • A widely followed digital asset trader and analyst predicts a massive drop in price for a heavily traded cryptocurrency.

Crypto analyst and trader, nicknamed Altcoin Sherpa, has 183,500 Twitter followers, the original cryptocurrency of the Luna ecosystem, which has been crashing in recent months. of Luna Classic (LUNC) He said he would “destroy/be attacked by a nuclear bomb”. As we reported, according to the shares of Altcoin Sherpa, the famous trader can only buy LUNC in the short term, preferably if it drops to the key Fibonacci levels of 0.5 (50%) and 0.618 (61.8%).

“LUNC: Still a big sh*t coin, I would only long at 0.50 and 0.618 as the black market price. Look higher for any possible shorts; This will eventually lead to hell. I don’t think it’s a long-term investment.”

Lunch analysis

Despite the collapse of the original Luna ecosystem, LUNC has been heavily traded lately and consistently remains among the top ten most traded crypto assets by volume.

At the time of writing, LUNC is again in the top 10 as the ninth most traded crypto asset, recording around $745 million in trading volume in a 24-hour period.

In the last 30 days, LUNC has increased by over 120 percent. At the time of this writing, LUNC is trading at $0.000279, gaining approximately 121 percent from its low of $0.000126 on August 31.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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