Lets try the other way round. You said that you feel litecoin reached bottom. Can you explain why?
Is there any serious development going on regarding the coin itself or merchant acceptance?
For me, there are many coins with more features, many with faster transfers and many with faster development speed.
How will litecoin compete with them? Some weeks from now and hashcoin will be out, its very likely that hashcoin has a much higher market-cap than litecoin from the start.
It will almost certainly have higher merchant adoption as well. This will drive litecoin price further down i think and it will have to struggle to keep in top 5 coins next year.
Nice approach.
Re the development. What I can say is that the community are devoted to making this work long term. I know that the creator is doing all he can to get adoption with some top companies. (Coinbase)
The community themselves have always been trying to increase adoption. The community is very active and with the recent merge with Dogecoin mining, I feel that we've gained quite a bit more support. Some say LTC saved DOGE. Who knows?
Re the technology. Yes you can say it's slightly outdated as new alts are constantly working on existing protocol. Can it be fixed? Maybe. Again, who knows?
However, you can argue exactly the same with BTC. It's old technology but the adoption is high and constantly increasing. New people to crypto hear about BTC way before something like Hashcoin. I heard about BTC and following that heard all about LTC. BTC has had lots of coverage as well as adoption and although LTC isn't comparable in scale, it's been making its own progress (more than most others alts I've heard of).
There's plenty more. These are just my initial thoughts. I'll keep posting when I have time.
Anyway, more about this Hashcoin. What's so innovative? I agree immediate confirmations is quite cool, but the same argument follows. Something newer and better will come out than Hashcoin in a few months. Then what's to say Hashcoin will succeed? It's the same argument as technology evolves...