Litecoin was one of the first altcoins to appear so it was heavily inspired by the ideas behind Bitcoin. In fact, it is made to be the currency that will address the major drawbacks of Bitcoin. It is 4x faster (2.5 vs 10 minutes for releasing a block) and mining is somewhat easier.
It certainly has been over the years, even though there were short term fluctuations that are inevitable for any currency. But at the end of the day, it has always been in the top 5 cryptocurrencies.
It is traded on almost all reputable exchanges, so its very easy to get a hold of it. However with the current price at $151 only did you think it has a high probability of increasing in price drastically possibly competing with bitcoin in the future as a means of storing value??
I am buying a lot of LTC. Personally i won't buy any additional LTC at price lower 150 next time.... three weeks ago i had bought at price 165, then immediately down to 145. Suppose it has potential to reach 200. But buying at 150 or ever lower is quite safer.
I think that in recent years the crypto currency itself and the state of things on the market have shown themselves sufficiently well. I think that the popularity of the crypto currency will be restored and this very positive will affect the pricing of very rating coins.