Litecoin - $350 - expect it to retreat

Litecoin surged over last couple of days and touched $350. I had my target set at $300 and exited some position. It has run a little too fast ahead of its fundamentals. I believe it will retreat towards $200 or maybe $150 before it continues its next leg. In the meantime, I would look for the team to develop more partnerships and start some projects that increase the reach of currency.