Published 2 years ago by Patrick Brik CFA, BAS

Vertcoin Forecast: A Powerful Move Towards Higher Prices Is Brewing The enthusiasm and interest in cryptocurrencies continues to grow, and it is reaching levels that are quite astonishing. The reason why this cryptocurrency is compelling is that I find the VTC price chart intriguing.

Chart courtesy of TradingView.com This VTC price chart illustrates a significant level of price resistance that currently sits at $7.25, which was established shortly after Vercoin’s initial coin offering (ICO). This level of resistance is the reason why I am currently intrigued by this cryptocurrency because when, and if, VTC gathers up enough strength to break above this level of price resistance, it will open the door to much higher prices.

Vertcoin Forecast Before I move forward with a forecast for VTC, I need to point out that this VTC price forecast is predicated on the notion that Vertcoin has successfully broken through resistance, which currently sits at the U.S. exchange rate of $7.25. I am leaning towards the second method because even though the price objective of $8,000 sounds like a bit much, it is within the context of some of the moves experienced by other cryptocurrencies.

Supporting Indications I have clearly stated that both price objectives are contingent on a break above resistance, and I have reason to believe that at least a test of this level is in the cards, because the price action on the VTC price chart continues to support this notion. Chart courtesy price action consists of an alternating wave structure containing impulse waves and consolidation waves.

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