Litecoin was up around 1LTC/0.001BTC a week or so ago, now it's 1LTC/0.000758BTC and still falling. Why? I'm beginning to wonder if it would be more profitable to use my CPU for BTC/NMC merged mining.
One of two things is happening:
1) LiteCoin is dying and you should sell everything now.
2) LiteCoin is at a bargain price and you should buy in big-time.
The way I see it LiteCoin is currently the only viable altcoin. IOCoin/IXCoin are memories, SolidCoin/MicroCash is a joke, RusCoin has no interest, NameCoin was never intended as a currency.
Agreed...I would add that what will make or break Litecoin will be how many new exchanges start supporting trade with them. I think if there were more places to exchange them, there would be more merchants taking them.