Litecoin:

It is moving sideways at a high price, completely free from the impact of bitcoin’s falling. This is very rare. In the past, litecoin just followed bitcoin’s movement, only with a larger fluctuation. Litecoin’s movement yesterday confirmed that fall of Bitcoin this time is largely due to individual behavior, not the choice of market.

I am not optimistic about Litecoin, because many people were caught on top of the hill, the second reason is that the number of newly-mined litecoin is eight times more than bitcoin’s, so the market value of the newly-mined litecoins is 20% of bitcoin’s. If it rises sharply, the market value of newly-mined coins will increase dramatically, since the rise of litecoin will attract most money in the market, this will lead to the fall of bitcoin. Because all market funds are attracted by bitcoin, the fall of bitcoin will consequently drag down litecoin and other democurrencies. So we can safely draw the conclusion that litecoin will not rise sharply.

 Doge:

Continue falling, there are a lot of selling. No one knows where the bottom is. Stay away from it.

Altcoins are much like warrants, it has time value. If doge is over, its fall will be scary because of its high market value.

Altcoin Index:

Altcoin index today is 8.94, up 1.8%mdue to the rise of litecoin, Altcoin index 2 is 2.85, down 2.3%. Other altcoins are falling, and the falling is accelerating, this indicates that the market badly needs funds.

The rise of litecoin is also a major cause of other altcoins’ falling, because the total amount of money in the market is limited, litecoin sucked most of it, others can only fall.