it is very real, because that's the returns that most miners are setting aside to mine this. the coin is worth the hashpower that goes to it. That's where I value it at least, look at that guy saying 11 coins for 1 ltc. thats about 1.5 mbtc too.

Clearly there's kind of a consensus forming here, if you don't agree with our valuation you're welcome to look elsewhere but don't try telling me i'm valuing it wrong. I value it as I please, and am not interested to sell below 1.5 mbtc. Basic free market