LTC up over 13% this morning, more than BTC. Probably not "on sale." I still fail to see what the purpose of Litecoin is these days; it used to have value as a definitive bitcoin testnet, but in Forklandia, can that even be said anymore? The whole "silver to bitcoin's gold" bit was always just marketing hype.
As for Bitcoin Gold, is anyone actually planning on HODLing it? Seems to me that, much like bcash, it's a clear dumping opportunity. After all, what is Equihash without zk-SNARKs? Back in my early days as an altcoin miner, I mined a coin called VERT. Its only selling point was ASIC resistance, and true to the developer's word, they switched the hashing algorithm from a modified version of Scrypt to LYRA2-Re once FPGAs were on the horizon. The coin was still a flop.
I like the concept of keeping BTC mining decentralized and would like to see it run on a non-NSA developed hashing algorithm (SHA2), but changing the hashing algorithm just to keep the facade of decentralized mining seems reckless. Moore's Law will eventually do that to SHA256 ASICs all by itself.
RE: Bitcoin price soars above $5,000 to record high