For me LTC seems still high overpriced. Sometime it was THE altcoin. Now its just another one.
The market cap is still very high. If you put in the cap #5 at the same level of DRK i.e. the price will get to 1usd or below, where it should be.
little Litecoin is just going through its birth process none of the others on the Cap (top 20) (apart from Quark) flow with any free market force. (perhaps Zeta)
if ASICs proliferate Litecoin has a chance - if not its going to slip into obscurity.
sorry i'll add FTC and Prime to that list - they "pretty much" flow with the free market more or less.