Ethereum Classic Price Prediction: Long-term (ETC) Value Forecast – July 13
- However, if the support level is broken the crypto's price will fall to the low of $5.50 price level.
- On June 2, the bulls reached a high of $9.50 but could not break the resistance level.
ETC/USD Long-term Trend: Bearish
- Resistance levels: $6, $6.5, $7.0
- Support levels: $5.50, $5.0, $4.5
The ETC market was in a bullish trend in the month of May 2019. On June 2, the bulls reached a high of $9.50 but could not break the resistance level. The crypto's price fell to the 12-day EMA support level and commenced an upward move to retest the resistance level. On June 26 the bulls were resisted again as the price fell to a low of $7.50 support level.
At the support level , the crypto's price was in a range bound move before resisted by the 12-day EMA. The ETC price is in a final push in the bearish trend as it fell to the low of $5.81. The $5.81 support level is the previous low of May 12. If the $5.81 support level holds, the crypto's price will rise and resume a bullish move to the EMAs.
However, if the support level is broken the crypto's price will fall to the low of $5.50 price level. On the downside, if the bulls fail to break the EMAs, the price of EOS will continue its range bound move below the EMAs. The stochastic is at the oversold region but above the 40% range which indicates that ETC price is in a bullish momentum and a buy signal.
Live Ethereum Classic (ETC) Price:
1 ETC/USD =$40.8218 change ~ -1.11%
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