ETC/USD Long-term Trend: Ranging
Resistance levels: $14.000, $18.000,$22.000
Support levels: $8.000, $6.000, $2.000
The price of Ethereum Classic was range bound in the latter part of September. On September 1, the digital currency had an opening balance of $12.70. But the price of ETC fell to the low of $11.19 and began a range bound movement up till date. The price of Ethereum Classic traded and closed at a price of $11.21 at the end of September 2018. In the other words, it has lost 11.73% of its capital. Presently, the price of ETC is ranging above the price of $11.0.
Nevertheless, the price of ETC is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 40 which indicates that the price is in the sideways trend zone.
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