For the record LTC distribution is actually worse than BTC. This address:
https://bitinfocharts.com/litecoin/address/3J5KeQSVBUEs3v2vEEkZDBtPLWqLTuZPuD holds 10.95% of all litecoins.
All coins that were launched in the early days have bad distribution because there were very few miners back then. In any system you are going to have some centralisation of wealth simply due to the early adopter effect.
Disclaimer: I do not hate litecoin.
A Chinese whale holds this address, and Chinese big miners have very large hashrate, I think ltc is unfair coin.
It is fair. That particular wallet didn't start accumulating coins until March, 2016. Litecoin launched in October, 2011 which was 4 years after it officially launched and everyone was aware of it.
Also, I would rather they push it all into one wallet then split it up a hundred ways to give the false perception of a better distribution like BTC. How many wallets does Satoshi have? Nobody really knows and he's estimated to have closer to 1.5MM, but I wanted to be conservative.
How many coins does Karpeles have (he hacked gox, let's get real)? Roger Ver? Winklevoss? Vorhees? Bitfinex Hackers? Big Vern?
It's pretty damn centralized. My hope is that these whales would liquidate and reinvest in further infrastructure development for both BTC and LTC.