Looking at BTC, LTC and all of them lately...pretty much all dead. What's the point now? Epic new like Microsoft doesn't even affect anything anymore. Honeymoon is OVER.
Dead? Just a little over a year ago btc was $100 and ltc was $1.50 and people were calling them dead then too. I remember posting in a thread just like this with people saying the exact same thing and a month later the bubble happened. One of the first times I heard about Litecoin was people declaring it dead in 2012. Nothing changes, people don't learn. That's why these cycles exist.
2014 was by far the best year for crypto for everything except price, and it started the year heavily inflated due to a bubble so naturally it's going to tank. (gox taking out 30% of btc traders also hurt btc greatly for this year) At the end of 2013 the only noteworthy company accepting BTC was overstock and silk road had just died. This year we have amazing merchant adoption in comparison, and the darknet markets are many times stronger then they were last year, especially with open bazaar coming out. It's easy to see Bitcoin adoption is growing at a good rate despite the price tanking, it's only a matter of time before the demand catches up to the price.
I spent most of last year wishing Litecoin was on any major exchange. BTC-e was small fries compared to everyone else in btc, gox news was huge for Litecoin. Obviously gox never happened but Litecoin made its way onto most major exchanges anyway and has had solid volume all year. Litecoin gained its own dedicated asic network this year. From my perspective Litecoin is many times better then it was last year.
Dead? Only if you can't see the full picture.