So what i think is that the whole China speculation regulation in South Korea coupled with the high fees are responsible for the pull back.
Even I have not used Bitcoin in a while because of the fees. I prefer to use Ethereum and certainly Litecoin.

It would be fine if this Lightening Network can solve the issue.
If bitcoin continues to pull back and even "crash" it may affect other alt coins in a negative way.-And this we never want to happen.

For now we can only hope ETH and LTC will continue to achieve the aims of Satoshi Nakamoto and give us fast transactions with low fees.