I like litecoin, but their seems to be over saturation in the market as people are hoping on the bandwagon. Many of the coins will fail or not amount to much. That being said I'm long on lite coin and increasing my position.
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I agree. The sell spikes will be overtaken by the buyers over time, and send it up.
Its worth what people are willing to pay for it. With how the psychology of crypto looks to me, when people see it picking up more people will try and join (trying to make a quick buck). The rapid growth comes when people who don't know what it is see movement and try and get in on it (major mofo).
I agree there.