Typically altcoins chart, crashed on listing followed by long term downward pitch
The daily chart indicated the medium trending pattern. The current trend started from the summit of 0.0017500 on 30 December 2016. The price is strolling on the floor, off the year low of 0.00118800 locked on yesterday trading. The 84.25% represents the maximum percentage gained from all time lowest price of 0.0009500 to the recent peak.
Important Ethereum Classic (ETC/BTC) price levels,
✘ Year High – 0.0016900 January 06 2017
✘ Year Low – 0.00118800 February 13 2017
✘ All Time Low – 0.0009500 December 02 2016
✘ Recent Peak – 0.0017500 December 30 2016
Showing on important resistance/supports prices that moved up today.
ETC increased by 1.4% fro the last 24 hours after 7 consecutive loses and toiling away from year low. The pump knocked out on 0.00125020 and fell as low as 0.00121945. The rally is still made the move and now on 0.0012300 and staying above from the downward trending channel. The general sentiment of Ethereum Classic is still bearish bias. The consolidation channel could move dainty higher. ETC will need to stay above 0.00124020 to reverse the current wobbly trend. Check on below for some of the notable price zones.
Some Critical Price Levels for the Immediate Term Based on price actions
Crucial Resistance Levels
R1 : 0.00125020
R2 : 0.00126439
R3 : 0.00127595
Crucial Support Levels
S1 : 0.00121945
S2 : 0.00120770
S3 : 0.00118710
Pending. I put the price alert on 0.00124020 level. But that price is not the ideal entry as the trend is vague. I would look at the today peak at 0.00125020 as potential interest. The range bound trading could prolong for few more days before it passed this level and trigger any potential trade.
On the downside, the support level at 0.00120770 should stay in the immediate timeframe.
LTC/XBT Futures (LTC7D) on BitMEX
Potential Double Bottom Setup on LTC7D Futures Prices
LTC/XBT Futures (LTC7D) daily chart on BitMex.
On BitMex, the LTC derivative is in the form of a Futures Contract and allows traders to speculate on the future value of the Litecoin / Bitcoin (LTC/XBT) exchange rate. Traders need not have Litecoin to trade the futures contract as it only requires Bitcoin as margin.
Trade Litecoin on BitMex Futures
Meanwhile, ETC/BTC hovering above descending pattern on daily chart. The spread is getting closer at SimpleFX. Click here to see the realtime chart and trading here.
BTC Exchanges and Charts With Altcoin Trading,
✘ Hit BTC
✘ BitMex Futures
✘ Simple FX
✘ Whale Club
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warning：It’s rather risky to trade crypto-currencies. Please invest by what you are able to afford.
Please let us know what your thoughts on this latest cryptocurrency sensation and update us if you have any insights in the comment section below.
Chart via tradingview, data source from Poloniex, SimpleFX and BitMex.
The author is a self-described cryptocurrency activist. Ironically, he is not involved directly on the development and mining. But a keen trader that specifically studying and analyzing the chart and prices based on zen principles of candlesticks price action techniques. And most importantly, he is always prone to deceiving price movements that can exposes to trading losses. So trading based on his personal opinions is extremely risky and not advisable.