Quote from: FOMOFish on May 12, 2017, 10:23:33 AM

Quote from: ridery99 on May 12, 2017, 06:21:19 AM

litecoin price is very inflated based on real world fundamentals and will dump soon, i hope people sold before all the remaining support collapses... we are going back to 6-10 dollar levels guys, hang on

I do not think this. 25 should serve as the new bottom.

I think we might see it go lower in the short term (6 months) but I suspect that LTC will move up to a 10% counterpart to BTC long-term UNLESS bitcoin starts to implement some of the changes to reduce costs of transfer. Looking at these as reserve currency I think it's reasonable to view BTC as gold and LTC as silver.

There's A LOT of money behind LTC, both in mining and development. I think it's a hard bet to say any coin that fostered ASIC development will ever completely flop.