The crypto market is mainly red on the last day of the week, according to CoinStats.
ETC chart by CoinStatsETC/USD
The rate of Ethereum Classic (ETC) has risen by 3.15% over the last day.
Image by TradingViewOn the hourly chart, the price of ETC keeps looking bullish. If bulls’ pressure continues and the daily bar closes near the resistance, the growth may continue to the $13 area.
Image by TradingViewOn the bigger time frame, the rate of ETC is also controlled by buyers. If the candle closes around the current prices or above, traders may witness a test of the $13-$13.50 range next week.
Image by TradingViewFrom the midterm point of view, the price of the altcoin has once again bounced off the support at $11.47.
If the weekly bar closes far from that mark, there is a chance to see a local rise to the $13-$14 zone by the end of the month.
Ethereum Classic is trading at $12.84 at press time.
Source: https://u.today/ethereum-classic-etc-price-analysis-for-january-4
