I don't believe in Litecoin, I think this is one of the useless altcoins, he's a lot more profitable competitors. Sold all my coins in March and still it continues to fall, I think I did the right thing, if I'm wrong I'll re-buy Litecoin.
Litecoin is a coin that is developed by someone that know what crypto is. I don't believe in it, people like to trade it because it has a lot of purchasers.
To some extent you are right because there are lots of good and promising coins in the market and people have no much money to invest in all these currencies. Therefore they choose the one they like the most. Litecoin is not listed in that coins and most of the investors do not buy litecoin for profit. Bitcoin, Ethereum, Ripple are the best coins for investment.