Ethereum Classic Price Analysis: Ethereum Classic (ETC) Falls by a Slight Margin; Resistance at $9.4

• Ethereum Classic (ETC) lost 0.4 USD from its value of last day.
• The next resistance is likely to be at 9.4 USD.
• The target price for 2019 is set at 20 USD.

Ethereum Classic (ETC) experienced its first hike of 4.85% on yesterday between 05:39 UTC and 16:42 UTC. But at 20:23 UTC, the coin started losing value where it lost 10.49% over the next 58 minutes. Then it was followed by a short hike of 6.16% that happened over 3 hours and 25 minutes from 21:21 UTC. Overall, the coin has lost 0.4 USD in the last 24 hours.

However, the medium-term outlook is bullish for ETC. It is likely to reach 20 USD by the end of this year. Let us analyze the current details of the coin.

ETC Price Statistics-

ETC to USD Price Comparison-

Ethereum Classic started the year with a fall of 31.27% that happened between 06^th January and 06^th February from the trading price of 5.492 USD. After this fall, at the onset of 13^th March, the coin gained 108.89% over the next 25 days from the trading price of 4.199 USD. It was followed by a dip in the price by 38.32% in the next 19 days. The latest growth was of 71.96% between 09^th May and 2nd June. The market cap on 27^th May was 852,050,878 USD, and the value of each coin was 8.133 USD. The current market cap and the value of each coin are respectively 16.43% and 9.54% more than the values for the last month.

Ethereum Classic Price Prediction-

The medium-term outlook is bullish for ETC. The coin may get to 20 USD by thre end of this year. The resistance points are 9.49 USD, 9.94 USD, and 10.26 USD. The support levels are 8.72 USD, 8.4 USD, and 7.95 USD. Get a complete idea about ETC coin price prediction clicking here.

Conclusion-

The coin will do well in the long-term. Buying fresh coin is advised. By holding on the long-term, the coin is likely to give a return of at least 100%.