71% of the Top 100 coins on https://coinmarketcap.com are in the red. I've read an article or two about the downturn. One article writes about some Korean market numbers being taken off the table that has led to the overall CMC being lower. I've read about Ripple tumbling. I also see that Bitcoin is down. Regardless of what You read just remember this past summer. It almost became an every Monday occurrence for crypto to be engulfed in a blood bath.
Basically, an excellent time to be shopping for bargains.
I expect things to perk up tomorrow IF TOR releases its update because if all goes as planned Spectrecoin will release its latest wallet update. See http://bit.ly/2AGje49
I believe we can expect to see XSPEC's price increase and reach 0.00238700+/- BTC in the coming 4-8 weeks.
Looking at the daily barchart of Spectrecoin below you can see that after the high made on August 28, 2017, at 0.00017001 BTC the market turned downward forming a rounded bottom reversal pattern and turning bullish on December 13, 2017, when it bottomed at 0.0001804 BTC.
On December 30th, Spectrecoin crossed the high made on August 28th, and then the next day price surged above the June 21st high of 0.00018500 BTC (not shown).
The price continued up to January 3rd when it made an all time high of 0.00048700 BTC and since has corrected to a January 6th bottom at 0.00021280 BTC two days ago.
The correction since last Wednesday's high appears to be a "handle".
With the release of the lastest wallet update look for the Spectrecoin price to sky rocket.
Disclaimer: The above is the author's opinion and does not constitute investing or trading advice. Please Do Your Own Research. Consult a certified professional investment advisor for any investment or trading advice.