Litcoin has a grind down that hasn't stopped, this flush out is extremely necessary to find out where in the world there is support which is why somewhere between $10 and $2.50 is a good idea to dabble in. I don't know what this is other than a fork of Bitcoin but it's on CNBC and retail will probably pile in once it's cheap enough.
long term, I am UBER long Litecoin as this thing will go bonkers one day.
Just my $.02.