The price is the result of supply&demand equilibrium, and not result of electricity wasted.
The price is always the result of supply and demand equilibrium -- but you don't think the cost of production plays into the quantities of a commodity that people are willing to sell for a given price (
supply)?
Nope, the only use of Litecoin is speculation, and not many want to put money in.
I personally wont as I believe Litecoin is overvalued and I dont want to burn money