It's not yet a full blown altcoin rally, the whole hype is around the Defi thingy and ADA so obviously, Litecoin is not included in this supposedly pump. But at $40 a pop, I think the price is still that strong and has the support of the community otherwise it will plunges more on the $10-$20 range.

I agree that the coin has outgrown itself, with no real life usage except maybe when you are gambler and wanted to save some fees then Litecoin could be a good alternative, other than that it will be here in the market, top 10-20 coins, that's it. Maybe we can see some occasional pump from investors and it to make easy money.