I think its going to hover around $4-5 until it actually gets listed on Gox. Then, all aboard the Spaceship Litecoin!
Litecoin serves a huge function in the crypto-currency world, because Scrypt based hashing is orders of magnitudes more secure than SHA256.
http://www.reddit.com/r/litecoin/comments/1cssqr/the_math_why_litecoin_is_more_secure_than_bitcoin/
http://en.wikipedia.org/wiki/Scrypt
LTC serves as a hedge against any issues with BTC, both in terms of bugs with the software and any sort of attack on the network.
Also Litecoin finalizes the 100% anonymity promised by Bitcoin. I think CrazyRabbit made this point very clear, that BTC transactions can be traced fairly easily even if you use a coinmixer. But if you go into another currency, its 100% impossible to trace further transactions.
For these reasons Im very pro-Litecoin and I think it serves to strengthen the cryptocurrency economy rather that weaken it.
Topic: Price of Litecoin in USD at 30th of April 2013 (Read 1159 times)
Noticed that there seems to be a steady upward trend in the price of Litecoins at the moment, but it seems to go down in correlation with DDOS attacks that affect Mostly Bitcoin related services. Given that it's only a few days until the end of the month and anything can happen to dramatically influence the exchange rate, where do you think the price will finish at?
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