Yeah I scrambled to look at the litecoin price since he used the word recover. That being said I don't think litecoin's boost was very well deserved, its usage hasn't increased substantially and it doesn't offer anything more than bitcoin except faster confirmation times. At the end of the day to sustain this boost it will need real world usage, meaning that it gets accepted in a vast array of retailers like bitcoin currently does.
LTC has massive support in China and it is still very good coin, from the moment i have heard about SegWith i know it what will happen with price. Now i'm sure this is small correction and it would be good to stay there for a while. Also this is only round one i'm sure!
Real life usage? This will come over time, all this will attract users.