I think it more directly comparable to the scrypt hump that happened round the same time (http://www.coindesk.com/data/litecoin-mining-difficulty-time/ ), and then what happened?
1000's of Gen 1 ASIC and GPU miners quit the game and diff dropped from 58,000 to 40,000 for six months and then slowly climbed again as more and more A2's were sold and Titans were repaired and reverted back to full performance. During that time people who owned those 'new' miners started making money again. Not sure how long it took for early Titan owners to ROI that $10k sticker but I paid down my A2's no problem.

I'm hoping the same thing will happen this time except it will be the 2nd gen A2's and Zeus miners etc that are retired as they become uneconomical for most people to run.

I suspect it's also the end of the road for the home miner even if you have an L3, unless you can get electricity for less than $0.08 USD or thereabouts as the big miners will saturate the market to a level where they can still make a decent profit at $0.04 per Kw/h or whatever they're paying, but it will mean that it will be hard to make any money if you're paying domestic rates for power.

It's a waiting game for now.