Nope, this isn't/wasn't a Litecoin-feature.
Back in my Litecoin-days I wrote an external shell-script which first made a backup of wallet.dat and then started the wallet itself.
This isn't exactly end-user-friendly, so I decided Dash needs something integrated into the wallet itself.
Is it possible for you guys (fabulous DASH devs) to create some automation in the creation/management/updating of masternodes? Make it so that you don't have to be a Linux savant to be a masternode owner? (I know that's an exaggeration but....)
It would be awesome if the majority of what we have to do as masternode owners could be done through the wallet.
The idea is that masternodes are so important to the network that it's good to have people who know what they are doing running them. Troubleshooting, keeping them secure, etc.