it is taking a big beating.  but did you see the pump on it when people thought bitcoin was going to rise?  it still had a lot of life. 

to know for sure the situation of whether litecoin is really capable or not of rising back up, we will just have to see how it does with Bitcoin's next pump. 

I don't own any and don't plan on it, but there could still be life left in it.  Regardless of what CMC says, to me it is still the real #2.