I really like litecoin from a technical standpoint. Its faster and cheaper to transact than bitcoin. I use it to transfer value between exchanges. I think this is probably one of litecoins more popular use cases.
Im not quite sure if litecoin's future is tied to bitcoin or not. I have read some speculation that litecoin might be used to settle transactions on the bitcoin chain (off chain settlement). If litecoin is used in this way, I think thats great for and it has the potential to grow much more . If bitcoin's dominance is replaced however, is litecoin's value of being almost a secondary bitcoin diminished? I think this might be true as there are a lot of coins that are fast and cheap to transact that could be used in place of litecoin. In general I think the success of litecoin is somewhat tied to bitcoin and for this reason litecoin might not be a great hedge against bitcoin. However if bitcoin continues to succeed, I think litecoin will succeed as well.
What do you all think about the connection between litecoin and bitcoin's success?