Most alts may well climb if BTC starts skyrocketing again, but others might climb faster than LTC at this point since it seems to have lost most of its buzz. Scrypt ASICs have definitely taken away the impetus from LTC because being ASIC resistant was one of the main selling points.
True true, though bitcoin's last spike to 1200 might also have been affected by the rise of ASIC's. The inevitable difficulty increase followed and the total amount of bitcoin users increased as well. This might not have been the case so much for litecoin since many of the investors in Scrypt ASIC's, who might have also invested in SHA-256 ASIC's, may have done so simply to increase their bitcoin holdings. That being said I think Litecoin is still very relevant and has very large widespread user-base. It is only a matter of time and development before the price increases. A stable price is also nothing to scough at. Many good things with litecoin. I'm holding, everything i invested and everything i have mined. It may not be the best, shiniest coolest altcoin, but it is still faster than bitcoin.