Ethereum Classic Price Prediction: Long-term (ETC) Value Forecast – June 15

  • On the upside, if the price is above the EMAs, the crypto’s price will rise to retest the $9.50 overhead resistance level.
  • The downtrend was corrected at the support of the 26-day EMA on June 6, and at a price of $7.96 price level. The crypto’s price is ranging above 26-day EMA indicating that the bearish trend has been terminated.

ETC/USD Long-term Trend: Bullish

  • Resistance levels: $8, $8.5, $9
  • Support levels: $8.0, $7.5, $7.0

The ETC/USD pair is still trading in the bullish trend zone. From the price action, the ETC market had a downward correction after the $9.50 overhead resistance. The downtrend was corrected on June 6 at the support of the 26-day EMA , and at a price of $7.96 price level. The crypto’s price is ranging above the 26-day EMA indicating that the bearish trend has been terminated. On the upside, if the price is above the EMAs, the crypto’s price will rise to retest the $9.50 overhead resistance level. However, if the bears pulled back price below EMAs the coin will be in a downtrend.

From the Fibonacci retracement, the crypto’s price is above the 0.382 (38.2%) Fib. retracement level. The 0.236 and 0.382 are Fib. retracement levels and continuation zones for a trending market. 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 =$7.1126 change ~ 5.25%

Coin Market Cap

$827.28 Million

24 Hour Volume

$545.41 Million

24 Hour VWAP

$7

24 Hour Change

$0.3733

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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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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