bitcoin broke $1000 yesterday and it is still rising, and we can already see the effects on altcoin prices because they are all dropping and the tables all look red (-4% to -40% drop).
what do you think future holds for altcoins in both short term while bitcoin price is rising and in long term when things slow down with bitcoin and its price becomes stable again?
I think only good altcoins will survive like litecoin,dash,ripple,ethereum etc but most of altcoins will have negative impact of bitcoin price increment.I think at current market price litecoin is still a good investment because most likely it will rise again to 0.008 to 0.01 before February.