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.
Litecoin detached from Bitcoin more than a year ago once the community finally released ltc was nothing but a bitcoin clone(especially when ASIC's were made for it, defeating the whole purpose of litecoin existing in the first place). During Bitcoin's rise last may/june of 2014, Litecoin did not rise with it(It continued going down in price).
think that last train for LTC will be next year BTC halving if price goes up on BTC if not LTC will go on 1 cent price for coin.