Litecoin acted just as we assumed yesterday by testing the resistance before falling to the lower support line. This lower support line is a major support as it is a previous high as well as the .382 fib retracement line. The price could go lower as it could break this support however, I would be hesitant to say as I believe we will see positive growth tomorrow and the next coming days as we will start our next impulse move upward and take out the prior highs. If the price does fall more, the next area of support would be the $174 range which would also act as the .50 fib retracement zone.
Current Marketcap of cryptocurrencies:
Total Marketcap: $426,407,373,050
#1) Bitcoin $168,379,576,823 (Price $9974.99)
#5) Litecoin $10,715,213,529 (Price $196.90)
#28) Steem $847,893,630 (Price $3.39)
Yesterdays Marketcap of Cryptocurrencies
#1) Bitcoin $$182,830,731,239 (Price $10,832.40)
#5) Litecoin $11,877,430,619 (Price $214.72)
#25) Steem $979,966,148 (Price $3.92)