eventually people wont just mine for shits and giggles they need the price to increase for that mining to be or become profitable
Hashrate and price, who follows who is a chicken-and-egg problem. They affect each other in either direction, grow or shrink. The price can be manipulated, hashrate is a better indication of LTC's health and potential in a longer term.
It isn't healthy when someone can add 1 GH/s to the litecoin network at this stage. Last nigh it looked like someone had 70% of all hash power on LTC.
Not exactly sure I condone double spending or code modifications.
