In my opinion, neither of both. I guess the Litecoin price will very likely move very much in parallel to Bitcoin's, only some steps lower.

Litecoin is imo a good long time investment, and I would not be surprised if it returns into the top 10 by marketcap. You can already see that it's not dead and constantly evolving because they only relatively recently integrated MWEB as a technology which is still far from being implemented in BTC. They also pretty fastly adapted Ordinals (and on LTC it makes much more sense than on BTC).

And in terms of the transaction "density" Litecoin has got quite close to Bitcoin (although Doge is now outperforming both, most likely due to Doginals):