Lambo offers nothing over ferarri but it is not an 80th of the price.

I would argue there is nothing to justify the bitcoin price over ltc except speculation and adoption. It could be argued there are 4x more ltc and it wasn't original although in functionality in is as good if not better.
The price disparity right now is way too much, i feel it will be back to a more reasonable ratio within a month. I guess nobody really knows how it will work out at this point. There are newer coins with better designs than ltc so why are they cheaper still?  It will take a while it guess to see which coins will succeed.