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!