Ethereum Classic Price Analysis: ETC/USD Could Decline Further

Key HighlightsEthereum classic price topped near $18.54 and declined below the $17.60 support against the US dollar.
There is a short-term bearish trend line forming with resistance at $17.60 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
The pair may continue to decline and it could retest the $16.80 and $16.60 support levels.Ethereum classic price is currently under pressure against the US Dollar and Bitcoin. ETC/USD may decline further towards the last swing low of $16.60.
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