Is LTC Dependent on BTC value at all?

[Kennji]

I notice when BTC goes down, so does LTC.

Should this always be expected?

[limitless]

Not if more and more businesses start accepting litecoins

[Kennji]

Great point.  Thank you for sharing!!!

I really do feel like LTC is going to make it as the next big, solid coin.

I like LTC a lot for a BTC alternative.

I don't feel so confident about other digital coins, but LTC I feel is going to be big like BTC is.

[BitshireHashaway]

I think that when BTC are taken over by Asics, people with GPUs will move to Litecoins, and when that happens, they will begin to enjoy litecoins more and litecoins will slowly become more popular with the miners versus bitcoins, which I think will make Litecoins more popular overall. Then when someone figures out how to make an Asic equivalent for Litecoins, a new currency will do the same and so on.

[Kennji]

I think that when BTC are taken over by Asics, people with GPUs will move to Litecoins, and when that happens, they will begin to enjoy litecoins more and litecoins will slowly become more popular with the miners versus bitcoins, which I think will make Litecoins more popular overall. Then when someone figures out how to make an Asic equivalent for Litecoins, a new currency will do the same and so on.

I agree with this.  This is also why I chose LTC over BTC to mine.

I am glad that you cannot mine LTC with ASIC and I am going to build up a nice GPU farm for LTC.

This whole digital currency thing is SO much fun.  I love it!!!

[troglodactyl]

At this point, I think the most dominant factors in the demand for both LTC and BTC are faith in the system technically (most of which is the same between LTC and BTC) and faith in the maintained value of a currency adopted independently by individuals rather than by fiat.  Once the common factors are more accepted I expect the different currencies to diverge more based on their individual merits.

[Kennji]

Thanks for sharing!

[megaminer59]

all people with GPUs will move to Litecoins

[set]

already moving! )

[Burninate]

Short-term fluctuations were tied very closely to one another by arbitrage bots, but a more graduate shift allowed bounds like the 0.019-0.021, the 0.026-0.028, and the 0.030-0.032 ratios to persist for days with little change.  Hours go, this last got disrupted by the Gox news, so now there is a new normal we're going to find once the market reaches equilibrium sometime today.