Crypto Report LICENTIA

August 11th 2017 Monthly Report

Market Data
Total Market Cap - $124,180,302,993

Total Excl BTC $66.260,3000,000

BTC Dominance 45.3%

Highest 24h Volume Ethereum

Biggest 7-Day Gainers Biggest 7-Day Losers

1. Gas 692% 1. Byteball -40%

2. Bitquence 403% 2. Bitcoin Cash -28%

3. Neo 224% 3. Iconomi -20%

4. Binance Coin 223% 4. Nxt -19%

5. Tenx 178% 5. Veritaseum -18%

Total Market Capitalisation (1 Month)

1
 Overview

Digital asset market players were shook by a broad market correction this past month. Leading
up to the anticipated fork and subsequent inception of Bitcoin Cash, we saw the total crypto market cap
fall as low as $60.9B (July 16th), before rebounding sharply and doubling within 3 weeks. The volatility
caused by the uncertainty of the fork has offered investors many opportunities. Now, with the Bitcoin
Core development team having locked in Segwit, market confidence is at an all time high, displayed in
Bitcoins price rise to $3,400. Goldman Sachs recently commented that a move to $4,000 in the near term
is likely. What does this mean for alt coins? Due to market dominance and dependency, Bitcoin price
action will continue to play a big role in determining the broad direction and value of alt coins.

Technical Analysis

Bitcoin (BTC/USD)

This week Bitcoin broke out, closing above the 3000 psychological resistance level, and consequently
delivered the momentum we expected, pushing another 15% above previous highs. With fundamental
support from new institutional investors entering the market, and a general consensus regarding Segwit
activation, we expect Bitcoin to continue higher in the coming months.

BTC Market Dominance

2
 Ethereum (ETH/USD)

From June 12th July 16th ETH lost over 60% of its value after peeking at $409 during a time, when
many predicted it would surpass Bitcoin as the largest cap coin on the market. Recently it broke out of a
downward channel and has made a higher low, followed by a higher high signaling the possible start of a
new uptrend. A short-term ascending trend line may be forming, shown on the chart above the green
arrow. Expect this line to be met with plenty of support.

Litecoin (LTC/USD)

LTC has been trading in a range now for the past month (36 - 50). After breaking out of a symmetrical
triangle earlier in the week it moved up +12% before finding resistance at the $50 handle. While many
coins experienced drastic corrections leading up to Bitcoins hard fork Litecoin held ground. The long-
term trend remains in tact and the MACD has also crossed up.

3
 Nem (XEM/BTC)

While Nem has not have been in the headlines in recent months, impressively it continues to hold its
position in the top 5. The moves it made earlier in the year were unsustainable and volume naturally
subsided. Many traders and investors however are now overlooking Nem, which may be a mistake.
XEM/BTC has formed a cup and handle pattern, a significant bullish indicator. Look for a break above
0.00009 in coming weeks.

NEO (NEO/BTC)

Neo makes its way into the top 10 this week with a 1.6B dollar market cap. The recent vertical move looks
eerily similar to that which took place in June, taking the price from $1 to $10 in just a week. Currently
trading just above $30, Neo has tripled in price in just 1 week again. Although the fundaments support
the price going higher we think the short term bull-run is overstretched. The daily chart shows the
candles are getting longer and steeper and the RSI is well overbought. The 0.00541 support level offers
more buy opportunities should we see a pullback, albeit a long way down from the current price.

4
 Taking A Closer Look At Neo

Neo is Chinas first public blockchain and is often referred to as Chinas Ethereum due to the
similarities of the technology. Both platforms facilitate smart contract implementation as well as
Dapp (decentralized app) creation. The main difference between the two platforms is
programming language. While Ethereum works only with Solidity, Neo works with almost all
modern programming languages giving it a versatility edge. The recent price move has been
happening largely in anticipation of the updated Neo smart contract technology officially going live
yesterday (August 10th), followed by a conference held in Tokyo. The accessibility of the new
Binance Exchange has also assisted in giving traders access to Neo Gas for the first time. Neo is
certainly one of the most exciting blockchains in the crypto space currently, and the fundamentals
support its success going into the future.

Licentia Top Picks August 2017

Large Cap Small Cap

! Ethereum ! Aragon

! Bitcoin Cash ! Ubiq

! Litecoin ! Binance Coin

! Neo ! Santiment Network

! Zcash ! Bitquence

5
 Rundown

Overall the market sentiment is broadly positive, as the successful fork last week quelled
uncertainty. While the relief rally has been extremely kind, not all digital asset holders were rewarded.
Coins such as Lumens, Siacoin and Syscoin have struggled to establish any momentum after losing over
half of their value during the broad correction.
Now, institutional investors have started to show a real interest in the crypto space (Bitcoin and
Ethereum in particular), as large corporate interests are being connected through the blockchain via the
likes of Enterprise Ethereum Alliance. Although at present we are close to all time highs, we see the
current total cryptocurrency and digital asset market capitalization as miniscule if we take a long-term
perspective. It may be that blockchain technology takes some time to become mainstream. However, the
technology itself could radically influence the way we interact with each other in a society. We view the
digital asset sphere as an immature market in the early stages of its development, but one that will
continue to expand at a significant rate.

August Significant Events

Bitcoin Hard Forks to Create Bitcion Cash

Bitcoin Core Development Teams Scalability Solution (Segwit) Lock-in Achieved

Russian Bank Consortium Uses Ethereum-Based Ledger as Government Signals Support

10 Cryptocurrencies Now with $10B+ Market Cap

Wikileaks Now Accepting Zcash as a Means of Making Donations

Antshares Successfully Rebrands as NEO

Binance Emerges - Offering 0% Trading Fees Heating up Competition Among Exchanges

August 11th 2017 Monthly Report

Crypto Report LICENTIA

This report was written by Delon West Head Technical Analyst