Come'on, what is happening to LTC? its been dropping everyday.... time for me to shut down if it hit $1.7.
LTC is a complete different story compared to BTC. As long as BTC rises in value LTC might not have a chance to develop.
But as soon as BTC deflation slows down LTC may be expected to rise until its value is in balance with Bitcoin.
Think that technically LTC and BTC is nearly the same. And the liquidity of BTC will not be enough to cover the market demand.
But implementation of LTC into services is comparible easy to BTC - no barrier.