Re: What is future of litecoin?

In 6 months, Litecoin's prices will have recovered greatly and I'll have doubled or tripled (or more).

I hope your right, but given one year history of the Litecoin price, the trend does not look good at all. The same can be say about others old altcoins. I guess not enought demand here Huh

If you at all believe that LTC will turn around in the long term, the price is an absolute blue light special right now. It is like a clearance sale!

I think there is a good reason why the value of LTC has decreased so much recently in terms of BTC. One reason is because so many other alts have been created recently that are very similar to LTC with minor differences. This allows people to see how little value altcoins really have (they are really no different then BTC). I think another reason is the advent of scrypt based ASICs. If people make huge investments into these ASICs then they will likely want to convert at least a portion of what they mined to fiat in an attempt to ROI when previously they would mine with existing equipment they already had (or would buy GPUs that depreciate less then ASICs - they have other uses).