You can make a litecoin paper wallet. Download https://github.com/jackjack-jj/pywallet, and do "python pywallet.py --otherversion=48 --dumpwallet", then copy the addresses and their corresponding private keys onto a piece of paper (either by hand or print it out).
Ah, that's new to me, copy the private key to backup a wallet?
Would that work?
To recover the wallet, I assume that I would simply input my private key into that paper wallet application, and it would just generate my wallet that I previously had?
Private keys are used to generate bitcoin addresses, and to sign transactions. 1 private key will only give you access to 1 address, so if you have 7 addresses you want to store on a paper wallet as savings, you will need to write down their corresponding 7 private keys. When you want to move funds from one of these addresses, use "python pywallet.py --otherversion=48 --importprivkey Private_Key_Goes_Here" (can someone confirm that this works for litecoin?) on a temporary wallet.dat file, and then send what you want to send using the litcoin client.
Note: This, as well as what I mentioned in my previous post, should all be done on a computer that has never been and never will be connected to the internet. If it has been connected to the internet, you'll be defeating the purpose of having a secure paper wallet, because if your computer has a virus, your litecoins can be stolen while you are in the process of moving funds.
