There's no way litecoin will see this kind of increase the price is actually just moving because of market manipulators.
No real new things has happened since a long time.
even last time was the same and price come to 40$ dont be so skeptic
more it will like this if ltc pass barrier 5$ the anything is possible from that ltc price go up and for that it stay on 5$
again at the somewhat 'lousy' LTC to BTC ratio now of 0.008 LTC to BTC.....IF as the pundits are saying BTC was to hit 650 usd this year
that would correspond to 5.20 LTC .....if you doubled the difficulty at that price with my 2 Titans (645mh) I'm still making 400 usd a month
after electric....if I can hang on till winter (lower elec rates) and you dumped the difficulty to 1.5x what it is now....again still 400 usd a month
after electric saying that is what the difficulty would be winter time .....on my attempt to mine yet....
But at a $5.20 price the dam would break and new asic products would flow out for scrypt imho....at 3.50 not a big rush imho ....they are waiting imho
(getting IPO capital etc ...making decision on when to pull the trigger and get them done) ...so price ..probably LTC is key here on if/when they build
some scrypt data halls and eventual probably home equip for scrypt too boot
At 5.20 LTC this would ramp up quick!
Also the equip they are kinda saying they would build for hosting or individual products (not bulk chips or data halls) are in the 500mh ball park at say 1150 watts
or some such...depending on how fast difficulty rose....a 350mh knc Titan at 1250 watts can still (in my basement) run with this pack
so anyway ...price will determine how much miners/data halls/etc will hit the world for scrypt...if I'm lucky it will be 'just enough" say 5 bucks ...to string my
Titan along thru next winter...if it was to shoot to 10 bucks ...well ....the equip would hit the world in mass and my miner would be kaput by say nov at best
we will see.....and to the skeptics ..the assumption is the historical about 0.01 ltc to btc (now at 0.008 ltc to btc) will kinda sorta stay in place
if that goes all the above is moot indeed