Offcourse it will.
Dont be scarry :)Your fear is based on knowledge that sometimes ago LTC peaked 48$ and than fall down to 4$. Because there was no need in altcoins in year 2011. Bitcoin price was only 30$. It was soooo looong loong ago. Just forget about 4$ ok? You do not belive that Bitcoin will cost 100$ again right?
Now everything is different.
Litecoin has a strongest developers in world - Blockstream
Litecoin will have soon more new features like LN, RSK,MAST, Confidential Transaction.
It is a most technicaly innovative coin in market all best for Bitcoin will be on Litecoin now. Litecoin will combine features of (zcash, monero, ethereum) - if they cost now 50$ and higher alone why Litecoin should be cheaper?
Also Litecoin has strong China support. China is a 2nd economics in world. Behind it a tone of money.
It will touch 0.0159 0.016 to allow people to jump in than it will go and stabilize 0.018 and after Lighting Network implimentation we will see new ATH (around 50$)
Lighting Network is a most wanted technology in cryptoworld in this year!
Imagine transaction time less than 1 second from Zürich to San-Francisko!
It is a new world record in financial transaction! Unbelivable.
Everyone will want it to use soon.
All this is great but Litecoin has an image/branding problem. It will always be considered to be a "lite" version of Bitcoin.
However, I think if all those innovations are implemented WITH a change in name then it could be huge.
I'd vote for LightningCoin and keep the same symbol - LTC.