It was created as an alternative to bitcoin with a cheaper and faster transaction due to the difficulties of integration into the bitcoin code. I am optimistic about the future of the alt too since some experts are even comparing litecoin to bitcoin. Which should fuel the price hike. Litecoin is one of the most profitable coins in cryptocurrency market. Litecoin is a great choice for both short.
Yes, I admit that Litecoin has risen a lot in the past year, but we also know that Litecoin is just a simplified version of Bitcoin and it has not made any technical adjustments, so I prefer to wait and see. And I will not invest now.