I have read several articles claiming that Charlie Lee sold all his lite coin. If this information is correct, then maybe litecoin will not be developed anymore. I think the value of it will go down
He did sell his litecoin but not because he is abandoning the project. Or because the project won't be developed anymore. He said recently that he did not want to be accused of influencing the price for his profit with his tweets:
https://www.youtube.com/watch?v=Geiwb63nMYw Don't know if that is the only reason though.