How I recovered my Steem account with Recover account option
So from yesterday I was having problem logging in as it was saying "Incorrect password" even though the password I was typing was the correct one, so I clicked on the three stripes near your account name in the right hand corner and then clicked Recover Account
after that typed my recent password which earlier was giving me error of "Incorrect Password"
Clicked Begin Recovery
Clicked continue with reddit
Logged in Reddit and allowed steemit to access
Typed old password and new password and clicked submit
and voila
Hope this help others who are having the same problem