It's very tempting to buy LTC now in case a huge pump happens, but I doubt it would deliver higher returns than just holding BTC. I dont know, I just doubt very much LTC will ever reach 30 dollars or so, thing seems pretty dead now compared to BTC.
LTC will mirror BTC on the next leg up in a larger way, so now is the time to doubt. I'm saying that newer entries go for ltc when btc goes too high and they always have. Ignore at your own peril.
Yes, it certainly is a gamble. There is a bit of truth to the fact that LTC may go up a bit during the next bitcoin bubble as investors like to hedge their bets and more people will be attracted to crypto-currencies in general. The problem with this bet is there is a lot of competition out there and the same holds true for other alts and thus an investor should consider that litecoin may not have the greatest return amongst the group.
This is an assessment I made elsewhere:
From my perspective -
Litecoin development - stagnant and slowing
Litecoin price- dramatically capitulated even compared to btc ~80% capitulation off ATH
Litecoins transaction volume - steady
Litecoin POW security - strong yet stagnant growth over last 4 months
litecoin merchant adoption - stagnant to extremely slow growth (and decreasing in momentum)
litecoin user adoption - stagnant to extremely slow growth (and decreasing in momentum)
litecoin investment from VC- ?? any?
I would say that litecoin is strong but is indeed slowly becoming less relevant(some would describe this as dying).
Disagree with any of the above?