Why do we have multiple banks that handles our money? Why do we diversify our investments in many different store of values rather than just one? LTC is more than just a hedge: it's another legitimate store of value that is vastly undervalued given that it has the same functionality as BTC and simply x4 the supply (intrinsic value can be derived quite simply). Its distribution is not as good as BTC yet (but it's not too far off). Once it gets there it's a no brainer that LTC is worth more than 10x what it's worth currently in addition to any gains BTC could make. In the event that BTC fails, LTC has even more upside. So as an investment currently, its expected value is massive. Think about it: what if I were to tell you that you could buy bitcoin at a price that was nearly 15x cheaper than what it should be worth? (BTC price/ LTC price / ratio between LTC supply and BTC) People often champion innovation and differentiation when sometimes you don't need to change anything, just do more of the same thing!