Litecoin is officially dead, why you may ask?
What Litecoin used to offer:
ASIC Resistance
GPU Resistance
2.5minute blocktime
What Litecoin now offers:
2.5minute blocktime
Basically, Litecoin is worth less than Blackcoin, Netcoin, OompaLoompaCoin, heck, practically anycoin that has a faster blocktime and Any other feature... Litecoin offers absolutely nothing over what 99% of these alt coins offers, even the worst alt coin offer more innovative features than Litecoin. And to those litecoin bagholders, who say that "Litecoins age and adoption" is something it offers, that's not true..There are NO reputable stores Worldwide that accept Litecoin, not one.
Verdict: Litecoin is dead, it hasn't been updated in years, it's a practically abandoned coin. I'm gonna feel really sorry to all the litecoin bagholders that are still "HODLING" when Litecoin reaches $1, 50 cents, 10 cents etc.
Many people are claiming that litecoin is dead. People think that it is useless that is why it sank even before it rose. But litecoin isnt really dead, the value just decreased drastically because the developers or the devs are not giving enough attention to it. But for people claiming that it is dead they are wrong. The name is not just being talked about because of some issues.