And it rose a lot. Litecoin real value price is 4 to 5x less x eth and at moment is almost 110% more than that, tech wise = $50 usd, it's overvalued. I would sell all right now hehe or exchange for eth.
Whatever real value something has is determined by the market, in other words supply and demand. It's clear you're a Ethereum fanboy and your post is basically pointless.
You are right, value is determined by the market and market value is determined by tech value and speculation. At this moment ltc is at the speculation stage, ltc has very low tech value to be at this value, so as the speculation diminishes, ltc will start going back to its tech value. I do believe in dapps and that is related to eth and the future, so that is not about fanboyism, is about believe in something and see tech value in it, reason why even eos has a market cap closer than ltc at moment even though eos has a billion coins. LTC is overvalued as it only represents a very low tech value.