So... would it be a good idea to invest in LTC right now?
If you have an investor mentality it should be obvious that yes.
It is not the only opportunity but one of the best in my opinion.
Impaler and I explained it earlier. The price of Bitcoin and Litecoin coexist.
When the price of BTC/USD increase, the price of LTC/USD increase too as you can see on BTC-e.
What we see right now is an unexpected very fast increase of BTC/USD thanks to the Chinese investors.
As a consequence, the BTC/USD increase faster than the LTC/USD and because of that, some trolls pretend that the Litecoin is going down (the worst trolls say it is going to zero
). The same trolls create fake account to say "Litecoin is dead". They are probably massive Litecoin investors, their goal is to lower the LTC/BTC price to buy more of it.
The LTC/BTC difference is caused by the fact that Chinese investor cannot buy directly Litecoin on their biggest exchange : BTCChina, they can only buy Bitcoin.
This is what we call an opportunity : BTCChina is planing to accept Litecoin direct buying, it is only a matter of time.
So you can expect the LTC/BTC difference to go back, before the massive Chinese Bitcoin adoption.
The creator of Litecoin is nothing less than the brother of the CEO of BTCChina.
http://www.mediabistro.com/insidebitcoins/speakers.asp#bobbyleehttp://cn.linkedin.com/in/bobbycleehttp://www.linkedin.com/in/chocoboAren't they cute ?