Earlier this month I have made a prediction of Litecoin going through the $15-$20 levels in the coming months, and I still stand by that. In that regard, I share some of iamnotback's optimistic stance regarding Litecoin. However, I am also aware of the fact that Litecoin is a coin that adds absolutely nothing to the real world beside it functioning as a speculative investment opportunity. So yes, once the hype is over, Litecoin will tank and go back to far lower levels, where it will remain stagnant for a long period of time (typical Litecoin behaviour). The hype around Litecoin will last until Segwit activation has been cancelled (due to pools dropping support), or Segwit being activated (which results in the hype to fade away when people realize that Litecoin is still the same obsolete coin).
As of right now the coin that's going obsolete is bitcoin because it's simply too hard to change, and this is a positive trait in itself but not if you are aiming for real everyday usage, which is where LTC with segwit and LN kicks in.
Cryptos are useful in making certain payments like paying for a VPN. If nothing changes, we'll see $1 fees in BTC. Who is going to pay things like those type of subscriptions with BTC when you got LTC? get real. BTC will stay a hodlers coin as long as the necessary changes don't happen.
What is the closest thing we have to a scalable BTC? LTC. Becuase they are the same, so you can easily port code, so BTC development isn't wasted in testnet and can be ported in a real ecosystem.
I see LN development moving to LTC because without segwit you are developing in crippled mode.
So do the fucking math.
Of course, this is all subjected to our miner overlords which can decide to stop signaling for segwit at any time, this is the gamble side of this move. You either sell before the last days in case Jihan does a trick (risking going to the moon after "segwit activated" news hit the press) or you hold through (risking that Jihan shorts after ruining segwit activation). Good luck.
the thing you don't understand is that bitcoin does NOT need scaling right now. there simply isn't enough transactions to fill the 1 megabyte blocks yet.
you have fallen for the public scam called "Spam Attack". when there are thousands of useless transactions being sent out and even miners who are filling the blocks with junk you see full blocks and a big mempool but in reality the number of transactions is not that big.
i suggest you start looking for evidences and proofs and then use your own judgement to make a conclusion instead of reading some propaganda on the forum or elsewhere and repeating it.
and litecoin is just a gateway for bitcoin. SegWit and LN will be tested in real world instead of a testnet with no use and if it was successful it will be activated on bitcoin too and if not then we try fixing it and if not successful we will finally move on and litecoin will die. (better LTC than BTC).
p.s. just FYI miners are our employees. their opinion matters but they are no more than a small part of the whole bitcoin. it is the community who can not decide what they want otherwise if we reach a consensus we can easily force their hands.