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ETC/USD Could Stay Above $22 Resistance

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The Ethereum Classic price prediction shows that ETC could set a bullish run if the market can keep the coin above the resistance level of $21.9.

Ethereum Classic Prediction Statistics Data:

  • Ethereum Classic price now – $21.97
  • Ethereum Classic market cap – $3.1 billion
  • Ethereum Classic circulating supply – 140.4 million
  • Ethereum Classic total supply – 210.7 million
  • Ethereum Classic Coinmarketcap ranking – #23

ETC/USD Market

Key Levels:

Resistance levels: $27, $29, $31

Support levels: $17, $15, $13

ETCUSD – Daily Chart

ETC/USD is running a little retracement move above $21.5 with a price growth of 2.04%. For the fact that the coin is recording some gain, the Ethereum Classic price may continue to follow a bullish movement within the channel if the coin trades near the upper boundary of the channel.

Ethereum Classic Price Prediction: ETC/USD May Move Upside

The Ethereum Classic price is on its way above the 9-day and 21-day moving averages at around $21.97. If the price continues to create a bullish movement, traders can then expect a bullish continuation toward the upside. Meanwhile, as the technical indicator, Relative Strength Index (14) crosses above the 60-level, the possible resistance levels could be found at $27, $29, and $31 in the long term.

However, if the coin keeps the bullish movement for the next few days, traders may witness more of it reach higher levels. On the contrary, any bearish movement below the lower boundary of the channel could roll the coin back to the long-term support at $17, $15, and $15 levels.

Against Bitcoin, the Ethereum Classic price is likely to cross above the upper boundary of the channel if the buyers push the coin above the 9-day and 21-day moving averages. Meanwhile, there is a need for an increasing volume and resistance to cause an upsurge in the market.  However, if the coin heads to the downside, traders can expect close support at 550 SAT and below.

ETCBTC – Daily Chart

Nevertheless, if the buyers push the price above the upper boundary of the channel, the channel; traders can then confirm a bull run for the coin and the closest resistance could be located at 950 SAT and above. The technical indicator Relative Strength Index (14) moves above the 40-level, suggesting bullish movement.

Alternatives to Ethereum Classic

The Ethereum Classic price looks green as the price hovers around the resistance level of $21.9. However, a daily close above the daily high of $22.62 may push the coin above the channel. However, traders should note that a consistent price increase may bring more buyers into the market if the bulls increase their positions. Nevertheless, even the most popular presale cryptos often take months to generate $2m in funding – yet this wasn’t the case for Love Hate Inu. Meanwhile, the project’s presale has surpassed this milestone in less than three weeks and is already trending to hit its hard cap soon raising up to $4 million in the presale.

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