Let's face it: Litecoin does everything properly which Bitcoin is supposed to do. With real developer, not some shadowy cartoon character, it is weird it's not valued properly.
I think it should be valued at least 1/10th of bitcoin's price, meaning $250 as we speak.
Litecoin is not some 'trying to do everything type of neo-dot-com-vapor-promise-tech to revolutionize the way we can poop anonymously' etc but rather a functioning payment system and very solid and stable store of value.
As long as bitcoin exists, litecoin will not be number one and since litecoin is basically a copy of bitcoin then the chances of litecoin surpassing bitcoin are near zero, if they want to become the number one coin then they need to do things way better than bitcoin.