No. The question is how long it will keep its position.
What, do you expect Bitshares to conquer LTC? That's a bite that might be just a bit too big to take.
I think it's very remarkable that Litecoin actually managed to keep its (imho by no means deserved) #2 position until now.
Many tend to disagree on this, as you can probably read in many threads. I guess the community behind it is good and it has quite some adoption compared to most altcoins. I don't want to mention the security of the network either.
I regard LTC as a relic of the past and it is a matter of time when it will face this reality. In my eyes it is remarkable how it managed to stay until now.
Feel free to disagree, feel free to believe whatever you wish. The Times They Are a-Changin'.
P.S. this is a solid post on the matter:
https://bitcointalk.org/index.php?topic=662058.0