The Creator of Litecoin, Charlie Lee, Address Major Critic Strikes About Litecoin : CryptoCurrency

The bitcoin is gold argument is already stupid. If Satoshi had told people 7 years ago that it was gold, everyone would be laughing, it’s a transaction network & non inflationary currency.

Litecoin will end up going the way of peercoin and the other 2011 altcoins, most of which are now literally worthless (including the project litecoin got scrypt from, tenebrix). The reason it still holds value is due to being listed on many exchanges, and generally having less issues in that regard (probably due to low interest otherwise). For example the big December pump was due to Bitfinex having withdrawal issues where for many days, the only way out was Litecoin.

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