Cryptocurrencies Rise on Independence Day

The crypto market continues to show signs of healing, with the majors all drifting lower, correlations breaking down further, and some of the smaller coins rallying hard. While volumes are low and the current moves mostly lack strong momentum amid the weekend-like environment, Litecoins break-out to new highs definitely signals that the selling pressure that dominated last week’s trading eased somewhat, despite the fact that Ethereum is still stuck below $300, and Bitcoin is just barely above the crucial $2600 resistance.