Is Iconomi (ICN) a Better Hedge Than Litecoin?

I previously mentioned that litecoin is a perfect hedge within the cryptocurrency markets. I still believe this to be the case since litecoin is among the most trusted blockchain assets. However, an even better hedge may be emerging in the form of Iconomi, or ICN.

Let's take a look at the technical chart for Iconomi:

Unlike almost every other cryptocurrency, ICN is trending in a decidedly bullish channel since hitting its mid-July bottom. And post mid-July, Iconomi's technical chart doesn't resemble anything else I've seen, including Monero (XMR).

At this juncture, I can't determine for 100% sure if Iconomi is a better hedge than litecoin because we're dealing with such a short time frame. However, this disproves my initial thought that ALL cryptocurrencies trend the same -- clearly, they do not, and that's great for future growth!