No you missunderstood me, pegged means if bitcoin rises they will also rise , and probably more percentage points thaan Btc. And by cheap i mean, out of reach of most people. LTC is around 13 while btc is around 800..
Yes i agree that's why i 'm saying that there are no expensive or cheap coins. You don't have to buy 1BTC. You may buy 0.017 btc instead of 1 ltc since they are pegged.