LTC potential bubble is looking like 2011 BTC bubble.
Let's look back at
BTC chart back in the day. Looks like BTC was hovering around the $1-$2 range then skyrocketed all the way up to $30 something then back down to around $3.
LTC is looking quite similar.
I think it's fairly unreasonable to compare LTC's growth patterns to BTC. The growth it's experienced in the past couple months is directly proportional to the fiat price of BTC, meaning LTC is still being used primarily as a means of buying and selling BTC. We as human beings like to try and identify patterns, but expecting LTC to behave in the same way as BTC because its growth patterns look similar on paper is perhaps a bit rash. I'm not saying LTC won't crash. After all, there's a very real possibility that BTC will crash, and if it does, LTC will almost certainly follow suit. There's also the fact that LTC's difficulty has been increasing exponentially since the recent boom. If LTC's trading price for BTC doesn't increase to reflect the increasing difficulty, it could start to get snubbed in favor of FTC, possibly causing a crash. But I think suggesting it might crash because that's what BTC did in 2011 is a pretty major oversimplification.
