Meanwhile, LTC rate is 2.20 now. One week or so and we wont need the payout. It will worth nothing.
Post-xmas dip. No worries. Very normal with currencies.
So do you think the price will recover. Ok. When? Tell your plan.
I think the price will rise as will Bitcoin when people are happy to rebuy after the whole xmas-drain effect wherein people convert BTC to Fiat due to the heavy burden of xmas, etc. When Bitcoin goes up so too does Litecoin. If ltcgear pays we'll also see a nice confidence boost. Will it be 5dollars or so? Maybe not but the trend should go up as things normalise. My plan is just to wait it out. Currencies can be wild but all things considered people do tend to exchange during time-periods when money is needed. Jan is one such month. From Feb on we should be OK.