Wanna grab cheap LTC man? 
What price do you think it is cheap? With no actual usage of litecoin, and it is just a mimic of bitcoin, why would anybody buy it?
technically price is cheap when its below the 200 day moving average on ltc/btc chart. this just happend and we saw heavy buying.
it will touch the line in next days again and we will see what happens. there are also some bullish signals on ltc/usd chart.
The price is cheap when the cost of mining is similar or higher than the price. At that point, miner will stop their miner and stop dumping.