I've been out of the litecoin/altcoin scene for a while. I've been mining litecoins and when I hit 100 I convert to btc. Well, I had 100 today and I log onto btce and see .045 and rising...
what did I miss?
People are now into this crypto-money thing but they believe that bitcoin is expensive and litecoin is cheap. So they buy litecoins. Add speculators to that and voila litecoin going to 100$