Ethereum Classic Price Prediction: Long-term (ETC) Value Forecast – April 20

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Ethereum Foundation (ETH) Donates $150,000 USD To Ethereum Classic (ETC)
  • The ETC price is now ranging above the 12-day EMA because of the resistance at the $6.50 price level.
  • On the upside, a price breakout will enable the crypto’s price rally above the $8.0 price level.
  • On the other hand, a price breakdown will depreciate the crypto to a low at $5.50.

ETC/USD Long-term Trend: Ranging

Resistance levels: $8, $10, $12
Support levels: $5, $3, $1.

The ETC/USD pair is in a range bound movement above the 12-day EMA. On April 8, the crypto’s price was in a price rally after the crypto’s price was in a range bound movement in the month of March. The bulls reached a high of $7.74 but were resisted at the price of $8.0. The crypto’s price fell to a low at $6.30 above the 12-day EMA. The ETC price is now ranging above the 12-day EMA because of the resistance at the $6.50 price level. On April 15, the bulls were repelled and the price fell below the 12-day EMA. On the upside, a price breakout will enable the crypto’s price rally above the $8.0 price level.

On the other hand, a price breakdown will depreciate the crypto to a low at $5.50. The ETC price is currently trading at $6.33 as at the time of writing. The stochastic is at the oversold region but below the 40% range which indicates that the ETC price is in a bearish momentum and a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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