ETC took a beating as well, though weathered it somewhat better than other Altcoins. It came very close to testing the lower bound of the KRI
, something we haven’t seen from ETC since early November. The lower bound of the KRI
also coincides with a Fibonacci level which constitutes a critical level which will provide extreme support if the lower $20 handle is tested again, but is damning if broken. Currently, ETC is wavering just below $30, but the carnage has taken its toll and the coin still looks very weak.
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here
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