I'm also enjoying watching LTC sell off down to the 0.01 level which I have my doubts will hold. I see .0097-.0098 and then a retest of the lows back at 0.0079-0.008.
It's interesting isn't it. I've been referring to this past couple of months where DRK's price has been so suppressed (and kept going down every time Evan released something new!) as the "crypto winter"; a period of extraordinary lack of inspiration or motivation by investors and more people heading for the exits than taking an interest or position. And the MintGox/RyAlex KenGreen disaster hasn't helped at all either.
But maybe the phenomena we've witnessed of LTC continuing on through this period relatively unscathed even though it has virtually nothing to offer in terms of innovation or value, is simply a "safe-haven" aspect of this period and now that circulation back through the veins of the anaemic crypto body has recommenced LTC will lose it's status and funds will move-on to greener and more exciting pastures.
I certainly hope so (and everyone who's hung in here supporting DRK and the extraordinary work by Evan and the team that's been/is being done, deserve success).
Amazingly I just popped onto BTC-e to see what the latest is there on the troll-box. One guy's forecasting LTC will see a major increase during 2015 and will probably settle around the 0.05 BTC mark! (It's currently 0.01011 on BTC-e as I write). And a few others are commenting that "yes, it's been in the doldrums for so long, a major upwards correction is way overdue" and "arise chikun"....blah blah heard-it-all-before blah blah.
Then someone writes "You gotta be pretty gullible to believe the next big thing is merely a quicker block target. Do you ever step outside of BTC-e?" and he or she is jumped on like they've just uttered an unforgivable blasphemy. Man, what an amazing bubble that BTC-e troll box is! I know nothing is a sure or not-sure thing in crypto but I just can't see how so many people can be so enamoured by LTC! If we could just get DRK onto BTC-e (I know it's not likely) we could potentially tap into all of that fervour and expectation of great things from LTC and get people to start shifting their allegiance onto a coin with so much more innovation.
What do we need to do to get the BTC-e owners? Is there some sort of concerted effort and process we could all undertake jointly to influence them? Does anyone have a connection there? I know they haven't added any Alt in more than a year but that doesn't mean we shouldn't try. It's just so appalling to see so many people focussing their energies on something that's so lacking in worth when they could be supporting DRK and getting so much more fulfilment (he dreams on....but "arise chikun" followers are probably getting exactly the level of return their naive notions warrant....sigh...)