• Dash (DSHUSD on xStation5) surged over the weekend as Korean traders rushed to buy the virtual currency
  • Litecoin (LTCUSD) went crazy as well as it emerged as a safe haven of cryptocurrencies
  • Ripple (XRPUSD) continues sliding as it’s opened the new week with a bearish gap

The cryptocurrencies market has been one of the most unpredictable among other assets and it seems that kind of theme is going to continue going forward. There were outstanding moves over the weekend both to the upside and downside as well. At first, let’s begin with Dash which skyrocketed above $360.

It’s interesting that the Bithumb, the zero-fee exchange based in South Korea, generated nearly 50% of all Dash trading volume over the past days. However, this volume sat at just $77.5 million which is rather small compared with most other major alternative digital coins in existence. Dash has gotten a lot of attention of late and its upcoming conference in London will get a great deal of attention as well. Moreover, there is a growing focus on both privacy and anonymity in the cryptocurrency sector these days; that much is obvious. Dash is certainly a major contender in this regard.

link do file download linkDash skyrocketed after the weekend striking $365 but given wild momentum it’s possible to see a retreat towards $333 before a resumption of an uptrend. Source: xStation5

Litecoin had a lively beginning of the new week as well as it surpassed $60 for the first time due to its compatibility with Bitcoin as a result of its Segregated Witness (SegWit) activation and its hedge-like characteristics to Bitcoin Cash (BCH). The noteworthy view was presented by Bitcoin analyst and investor Tuur Demeester who described Litecoin as a Bitcoin hedge because of its SegWit-enabled network and transactions. He said that the sell-off of BCH was likely to cause Litecoin price to surge. If he’s right a recent drop of BCH could have partly justified a remarkable rally seen in Litecoin.

link do file download linkLitecoin crossed $63 after the open but wiped off some of gains. Let us point that the prior bullish gap drew in June was closed ultimately, hence the same scenario could take place this time. However, if the price breaks $63, bulls might take aim at $68 where a 138.2% retracement is placed. Source: xStation5

While both Dash as well as Litecoin started the new week with outstanding bullish gaps, Ripple opened lower. In effect, the price came back below a crucial support/resistance zone. In addition, a long shadow marked by a blue arrow heralds that bulls could run out of strength.

link do file download linkRipple has kicked off the new week lower as a wave of profit-taking continues. That said, an extended corrective move towards $0.157 could be in the offing. Source: xStation5