but it's rational value is 1/4 of bitcoins ($150 @600),
Can you explain why litecoin is supposed to be 1/4 of bitcoin? I understand "the max coins of ltc is 1/4 the max coins of bitcoin" but this logic is flawed.
1. Litecoin does not have anywhere near the same adoption level as Bitcoin. They do not have the same fundamentals. How can you make a comparison involving only the supply side but not the demand side?
2. There are actually 8 times more Litecoins mined per day than Bitcoin, not 4, and the daily supply is a big determiner of price.
3. Bitcoin has a long history in which much of bitcoin is hoarded forever or lost. It is theorized only a small fraction of bitcoins trade on the market. Litecoin, on the other hand, doesn't have as many coins lost. Almost its entire supply trades on the market, which is a huge amount of coins.