Ethereum Classic Price Analysis: Can ETC/USD Continue Higher?

Key Highlights

  • Ethereum classic price managed to gain traction and moved above the $15.00 resistance against the US dollar.
  • There is a connecting bearish trend line formed with resistance at $15.90 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair is likely to break the $15.90 and $16.00 resistance levels to move in the bullish zone.

Ethereum classic price is gaining momentum against the US Dollar and Bitcoin. ETC/USD may perhaps break the $16.00 resistance to continue towards $18.00.

Ethereum Classic Price Trend

After a major decline below $15.00, ETC price found support above the $13.00 level against the US dollar. The ETC/USD pair traded as low as $13.19 before starting an upward correction. It gained traction and moved above the $14.50 resistance. Moreover, there was a break above the 23.6% Fib retracement level of the last decline from the $17.88 high to $13.19 low.

How To Get Free Crypto  

The upside move was strong as the price was able to move above the $15.00 resistance and the 100 hourly simple moving average. However, the upside move was capped by the $16.00 resistance. The 61.8% Fib retracement level of the last decline from the $17.88 high to $13.19 low also acted as a hurdle. More importantly, there is a connecting bearish trend line formed with resistance at $15.90 on the hourly chart of the ETC/USD pair. The pair is currently consolidating below the $15.90 and $16.00 resistance levels. Should there be a break above $16.00, the price could accelerate gains above $17.00 in the near term.


5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!


The chart suggests that the price could make an attempt to surpass the $16.00 barrier. If it fails to move above $16.00, there may be a bearish reaction towards $15.00. On the downside, the $15.00 and $14.50 levels are strong supports.

Hourly MACD – The MACD for ETC/USD is mostly flat in the bullish zone.

Hourly RSI – The RSI for ETC/USD is currently placed well above the 50 level.

Major Support Level – $15.00

Major Resistance Level – $16.00

Go to Source
Author: Landon Snodgrass

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.