Why I think price of LTC goes up?
When people quit mining Bitcoins with GPU's, they have to move to another coin that can't be mined by the current ASIC's or just quit mining with them.
Litecoins also can't be "merge mined", like Namecoins (it destroyed the value but saved the network).
What will happen to Litecoin? Difficulty shoots up, 20 times at the very least... They won't be sold cheap because it wouldn't make sense to mine them at a loss...
Will Litecoins be dumped? Hard to say but when it's so hard to mine, why would you dump them?
So I predict price goes up in 2/3 months from now...
Buy now, while they are cheap.
Just 100 of them could make you a little fortune.
When Bitcoin is gold, Litecoin is silver.
And I like both gold and silver...
Selling and/or dumping them now? You'll regret it...
Wow great prediction OP, people should have heeded your advice. Now please tell us what will happen when scrypt asics hit the market will vertcoin see a similar spike.