Litecoin continue to fall yesterday breaking another support line before rallying and bouncing back. It was trading in a flag pattern as it pulled back from its initial impulse move last week and now finally see resolution of that move as it broke out of the trend channel. Look for LTC to test this resistance line before breaking through and continuing wave 3 of its move upwards.
Wave 3 will need to climb to at least the $332 level as wave 3 cannot be shorter than wave 1. However, this is a modest assumption with the price possibly going much higher before we see the next major correction in wave 4.
Current Marketcap of cryptocurrencies:
Total Marketcap: $449,312,999,950 (Feb 23rd)
$426,407,373,050 (Feb 22nd)
#1) Bitcoin $173,819,398,558(Price $10,296.10)
#5) Litecoin $11,486,655,800 (Price $204.79)
#28) Steem $902,364,375(Price $3.61)
Yesterdays Marketcap of Cryptocurrencies
#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)