The price of LTC is lower than its value, but by the end of this year $1000 has been a huge claim. Even BTC's reach of 20k will not help LTC. The current price is around $58 and the price should be increase almost 19x, even if it is LTC. It is likely that prices will rise until halving, but I think it will not be that much. This is not a newly created coin, this is the LTC with a daily volume of over 3 billion. I think, do not trust your source too much.
LTC can return its value if the developer makes updates to convince the community and find new investors for greater adoption. some people have already switched to other assets because they might be disappointed several times when the halving isn't working as expected. LTC increases and then falls back and it is difficult to get up. the effect of the market downturn is very large and it is difficult for LTC to rise if the market is not in good condition.