Thanks for the update and this news! Litecoin's price is not affected by this news.
I never understood why devs and marketers are so often miles apart and that seems to be the case with LTC too.
The problem is that litecoin doesn't do anything that other coins don't do. If you want segwit, you can use bitcoin. If you want big blocks you can use bitcoincash. If you want fast confirmations you can use steem, if you want smart contracts you can use ether, if you want inflation, you can use doge.
What does litecoin offer than no other coin offers?
Actually the litecoin offers nothing to the users, remember the bitcoin doesn't get the segwit and the bitcoin users will use the litecoin as a second option, but this time especially with the appeared of the bitcoin cash and that makes the litecoin will be more useless and no demand. And i think that makes a lot of people are trying to move to the another coin.