Yeah, Bitcoin would be more like a precious commodity and Litecoin would be most likely used as a casual day to day transaction coin. Now Litecoin is a sleeping giant especially when it's creator wants it back on track after segwit activation. Speculation could take it to somewhere near 15k to 25k USD when Bitcoin would be on its peak. Hope for the best.
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Yes, hoping Litecoin gets back some back some of the thunder the ETH stole from it when it was overtaken as 2nd most popular crytocurrency
True, though Litecoin was just sitting there as a duplicate coin. It has no application rather than just being a currency which was completely inherited from Bitcoin. On the other hand Ethereum is a platform in itself, it had to steal the show as it was unique as compared to any of its competition. Though BTC / LTC and ETH will remain dominant in cryto space.
That was before. Now it has implemented SEGWIT and lightning network, it is a better coin. Market seems to agree as Litecoin holds steady at $45 while Bitcoin and ETH fell way lower