Crypto Technicals: ETC/USD breaks above $12 mark, gains a whopping 181% in January month

ETC/USD chart - Trading View

Exchange - Coinbase

Technical Analysis: Bullish

ETC/USD has rallied around a whopping 181% in January 2020, technical studies are biased higher.

The Agharta upgrade, concluded earlier this month, is said to make ETC more interoperable with Ethereum (ETH).

Ethereum (ETH) is currently the most popular platform for all types of decentralized applications (dapps).

Interoperability between Ethereum and Ethereum Classic is essentially the root cause behind ETC's runaway success.

The pair is trading above $12 and hit highs last seen since April 2019. Scope for further gains.

Price action is completing a Big W pattern and scope for test of $15 levels. Overbought oscillators on the daily charts may cause some pullbacks.

That said, 'Golden Cross' (bullish 50-DMA crossover on 200-DMA) on the daily charts to ensure corrections are shallow.

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