Luna Classic Price Falls 8.5 Percent as Bitcoin Drops on $91,000 level
Luna Classic experienced a sharp price decline over the last 24 hours, reflecting a broader downturn across the cryptocurrency market.
On Monday 19 January 2026, LUNC opened at 0.00003979 dollars. During the day, the price dropped quickly to 0.00003640 dollars, resulting in a decline of more than 8.5 percent within a short period of time.
At the time of writing, Luna Classic has partially recovered and is trading around 0.00003902 dollars. Despite this recovery, market sentiment remains cautious as volatility continues across major crypto assets.
This price movement is not unique to Luna Classic. The wider cryptocurrency market also experienced a sudden drop. The main trigger for this sell off was Bitcoin falling on the $91,000 level, which often acts as a key psychological support for the market.
The impact of Bitcoin’s decline led to significant liquidations across leveraged positions. In the last 24 hours, total crypto liquidations reached approximately 874.83 million dollars. Long positions accounted for about 787.93 million dollars, while short positions made up around 86.91 million dollars.
These figures show that most traders were positioned for upward movement, making the market vulnerable to a sudden correction. As long as Bitcoin remains unstable, altcoins such as Luna Classic are likely to continue following broader market trends rather than moving independently.
For now, traders and investors are closely watching Bitcoin price action, as it remains the primary driver of short term direction for Luna Classic and the wider crypto market.
