Crypto Technicals: Ethereum Classic (ETC) shines in the altcoin space, spikes 4.86%, more upside on charts

ETC/USD chart - Trading View

Exchange - Kraken

Support: 6.781 (110-EMA); Resistance: 7.379 (100-DMA)

Technical Analysis: Bias Bullish

Ethereum Classic Labs in the limelight of the financial world again, ETC spikes in the Asian trade.

Ethereum Classic Labs announced partnerships with social media dApp iZbreaker and blockchain infrastructure developer Second State.

The partnership is expected to bring high-impact enhancements into the ETC ecosystem.

ETC/USD spikes nearly 5% at the time of writing, tests 38.2% Fib at 7.183, more upside likely.

Technical indicators are biased higher, the pair has held support at 110-EMA. Momentum studies are bullish.

Next immediate resistance lies at 100-DMA at 7.379 ahead of 50% Fib at 7.751 and then cloud top at 7.803.

On the flipside, 110-EMA is strong support at 6.781. Break below will see weakness till 200-DMA (6.469).

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