False. The confirmations are faster but that's it. The network security is also much weaker.
Yes. It's much weaker than BTC but still has a strong mining community behind it.It's still secured by the second most hashing power relative to algorithm demands.
Only concern is that two giant pools make up greater than 50% of the network. BTC's distribution seems to be much more diversified.
That aint true either. Litecoins hashrate is super low compared to other coins like Devcoin, Ixcoin, Namecoin, and moree. Litecoin is the original shitcoin. The shitstain of cryptoland.