Ethereum Classic [ETC] technical analysis and Price prediction 2018, 2020
Akin to the other coins in the crypto market Ethereum Classic [ETC] has fallen since the past few days. The coin is on a downtrend bracing itself for a bearish market.
ETC prices have fallen over 9% in the past few days. The prices have moved over to trading in a bearish zone. The 100 EMA line exhibiting a downtrend is trading at $12.96. The prices found support at $12.768 and seem to be edging close to the resistance level found at $13.275. The buyer pressure is making the prices move closer towards the 100 EMA line which will help the prices resume an uptrend. ETC is currently trading at $12.716 and is gaining over USD by 2.43%.
At the time of writing one ETC is equal to 0.0019 BTC and is losing against BTC by 0.73%.
ETC price prediction 2018, 2020
According to Smartereum, ETC prices would reach around $65 by the end of the year. In five years the coin is expected to be valued at $171.
Longforecast predicts the coin prices to close at $11 at the end of this year. By the end of 2020, the coin is forecasted to reach around $32.
ETC latest Updates
- Grayscale, a cryptocurrency-focused investment trust, declared that its Ethereum Classic [ETC] holdings have exceeded other digital currencies. The holdings in ETC have reached $90 million, and is second only to Bitcoin [BTC], according to Grayscale’s list.
- Bittrex, a U.S.-based crypto exchange, will soon offer U.S. dollar (USD) trading for Ethereum Classic [ETC], along with Ripple’s XRP. The exchange plans to launch the new USD trading pairs on August 20.
- Evolve markets, a forex crypto trading platform has announced the listing of ETC on its exchange platform.
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