I mined LTC all weekend due to the better rate of return. Now its monday and I'm trying to decide what to stick with. If you check the litecoin charts, it looks like its found its current bottom. I'm optimistic. Just built a rig last week to mine bitcoins but dropped a good proccessor and solid ram into the system so it would be a versatile rig. Now I'm glad I did. Even with the current state of litecoin, I'm still making 33% above what I'd make mining BTC.
My theory is when big brother bitcoin starts movin on up, little brother litecoin will follow. When one gets popular (which is happening with bitcoin) it brings the other into the limelight. There are people here that know more about the fundamentals than me, but I've seen some stuff go mainstream via indirect press. Crytocurrency is a hot topic right now. Its the 80's all over again with swiss bank accounts, but this time its smarter, sexier, and has far more potential to change the way we do business.
After proofing that, I've decided to stick with litecoin for a few. Another look at the charts over at litecoinpool.org confirmed it. Go check em out.
http://www.litecoinpool.org/chartsYeah I'm optimistic too. I'm hoping the difficulty will go down a bit and then the price will rise again due to Bitcoin rising a lot at the moment. When the ASICS's arrive, gpu miners will move to Litecoin though, then the difficulty will probably rise again.
My plan at the moment is to break even with the rig I've mad. Then buy a slightly better one, and have 2 running. Break even with that one and so on.
Overall I'm gonna try and stick with Litecoin for the long haul.