I don't recall hearing any bad news about Litecoin before.
The worst it's been through is a lack of popularity.
And why did that happen ?
Profiteers.
People jump from coin to coin and for a couple years that was only NEW coins !
People did not want to buy a BTC for $600 or an LTC for $30
They wanted another Scrypt or X11 clone that was worth 100th of a cent.
..for profit.
Litecoin is not guilty of doing anything wrong.. the scene is !
What were all those SCRYPT clones being made pumped out daily cloned from ?
Pretty much Litecoin..
I tested out a pool called
www.ipominers.com (no it had no ICO or IPO coins on it)
But it was an auto coin switching pool like the one BigVern from Cryptsy made (and many others)
Point being.. is you put your hash power onto the algo.. say SCRYPT for example.
They did not have Tenebrix listed LOL
Nope it was today's new clone coin then the next day or two another..
And it ramped up so fast that i could not even get the min to get the coins off
before the pool dropped the coin and Bittrex delisted them.. they were running one hell of a massive cloning system.
And the father to it all was Litecoin i think.
It's design + popularity combined with Doge getting attention caused the clone fest.
Imitation is the sincerest form of flattery.
There is no bad news on LTC and other altcoins. Many altcoins are going now as BTC is increasing.
If you look closely at the fiat value of LTC, there is not much decrease. This BTC rise gives everyone a good chance to accumulate cheap coins.