Litecoin Break Out Target

260 is the next break out target for LTC. However, it could still go a lot lower if the entire market fails to continue upward. That would be a sign to dump LTC back into BTC or USD. We had a valid break out so we wanted to go long. You can place a stop below $200 or take your profit now. You're likely to get burnt on this trade starting at this level, but you wanted to be long since the break out in case it goes higher. It depends on if you can afford to take a loss right now, or you can wait a bit.