I've found only one way to profitably use altcoins: quick daytrading of a trending altcoin with high volume. Find an uptrending altcoin and locate the 'trendline' or 'trendcurve', or use EMAs. Bid against these levels so when there is a spike down, you get filled, and then you are instantly up on the inevitable rebound. You can either sell immediately with your rebound profit, or if you are bold, you can let the trend play out and sell at a different target or sell when the trend is breaking.
I will agree on that, but this works for pump and dump and scamcoins, the risk is huge, but Litecoin seems to be gaining huge legitimacy over time, it was started in a fairway and I am amazed about the development going behind it. Warren is the team Dev leader, he is the Creator of Linux Fedora. and allot of talented people working with him.
the Dev team when dealing with the core code, doesn't rely on Bitcoin as copy paste, but they submitted many bug fixes on Bitcoin code it self and they also helped funding projects that benefits both Bitcoin and Litecoin.
also after the shit and conspiracy going around Bitcoin, from the foundation and all hidden agendas, all of that made me think about investing some of my holding into Litecoin just in case, and now my Litecoin position is bigger than the Bitcoin one, I think that there is a potential growth ahead for Litecoin... and I was curious about how many of you here maybe did study this possibility and invested or think about investing?