because litecoin brings nothing significant to the table that bitcoin does not have.
+1
That is a poor argument. The same could be said about Hertz vs. Avis, or AMD vs. Intel, or Coke vs. Pepsi.
What Litecoin brings to the table is that it is a viable alternative. That doesn't count for much (as shown by the disparity in values), but it does count for something.
Litecoin is a couple years behind bitcoin in adoption, and it will be a tough road to mass adoption because it will always be overshadowed by bitcoin. I don't know if it will succeed or not, but I think it will.
Completely wrong.
If you buy an AMD chip you can still use the same programs as people who use an Intel chip.
If you buy litecoins you have a different currency, incompatible with bitcoin.