Crypto Breakdown Looms Again

Bitcoin, Litecoin, Omisego and Decred are all near important support levels. Monero has already broken below support and remains the weakest of the group. Ethereum is farthest above support.

Bitcoin is still the most important cryptocurrency and is the engine pulling the train. Decred is the strongest of the group and is also the most "reliable" in its behavior. A break down along with Bitcoin would be an important signal.

A breakdown will have bearish implications for the stock market.