+540 Target for LTC?! for BITSTAMP:LTCUSD by mim_

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Doodled this yesterday, seems like confirming so far,
Nothing serous tho! I'm just learning / playing around!
540+ target for now, may update / adjust later on if it decides to go higher! :)

Comment:

LTC is heavily affected by BTC fall.
I was expecting BTC to go down for a while but I thought part of the liquidity would actually move toward LTC as a hedge.
It appears that's not quiet the case ( as even the founder cashed out apparently ).
I already sold all my LTC with minimum losses at $315 ( I could have sell a lot higher but FUD got me again! I just saw - clearly - the Giraffe pattern in all the charts ( including LTC ) and didn't want to take the risk ).
I'm short atm for the LTC. will close this chart once hit the stop.

Trade closed: stop reached

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