The USD weakness across the board certainly contributed to the surge [Video]
|The big crypto news on Monday was first and foremost, Litecoin, which hit an all time high of 65 versus the USD. The USD weakness across the board certainly contributed to the surge, which also helped the Ripple to peak above the daily Ichimoku cloud, forming a bullish engulfing and erasing some of last week’s drops. With Ripple aiming to provide one frictionless experience to send money globally using the power of blockchain, we could see more investors jumping on its train. Two cryptocurrencies which did not really benefit from the USD continued weakness were Bitcoin and Ethereum, which mostly consolidated throughout Monday. On a daily basis, BTC could be forming a Double TOp chart pattern versus both USD and JPY, as it has not been able to break above the key resistance level and all time high. We are currently in a wait and see mode, waiting for the potential calm before the storm passes the Bitcoin market. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.
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