Litecoin is a great, and smaller way to exchange goods and services. But, Litecoin is not perfect. I still don't like how the difficulty is so high, that a GPU miner hardly gets profits. But, I would love to see people start to accept Litecoin as it is, a smaller version of Bitcoin. Litecoin has a faster sync time as it only uses up to 7 GB for the wallet itself (and they even provide a bootstrapper for faster sync!). I don't think Litecoin will continue to rise, however as the price fell when GPU mining was obsolete. My final verdict: If you want a smaller and better way of transaction, or are a ASIC miner, I recommend you use Litecoin, or Bitcoin, but if you're a GPU miner, and want to create applications off the blockchain, I recommend Ethereum.
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