Ethereum Classic Price Prediction: Long-term (ETC) Value Forecast – July 27
- The coin was depreciated by 27% of its capitalization in July 2019.
- On the upside, if the bulls break above the EMAs, the crypto’s price will rise and retest the $9.50 overhead resistance level.
ETC/USD Long-term Trend: Ranging
- Resistance levels: $6, $6.5, $7.0
- Support levels: $5.50, $5.0, $4.5
The ETC/USD pair was in a bearish trend in July 2019. On July 8, the pair reached a high of $9.50 but were resisted. On July 1, the ETC price has an opening balance of $8.44 and a closing balance of $6.12 as of July 27, 2019. The coin was depreciated by 27% of its capitalization in July 2019. On July 9, the bulls were resisted at the $9.50 price level.
The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. On July 16, the downward trend was corrected at the support of the $5.50 price level. On July 17, the bulls made an upward move to break above the EMAs but were resisted.
On the upside, if the bulls break above the EMAs, the crypto’s price will rise and retest the $9.50 overhead resistance level. On the downside, if the bulls fail to break the EMAs, the price of ETC will continue its range bound move below the EMAs. The stochastic is at the oversold region but above the 20% range which indicates that ETC price is in a bullish momentum and a buy signal.
Live Ethereum Classic (ETC) Price:
1 ETC/USD =$119.2672 change ~ -18.38%
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