I wanted to make a comment specifically on everyone quoting Charles in this thread.
What Charles meant under "no development" is simple. We are not adding any "gimmick" features to Litecoin protocol. We are making sure that Litecoin remains a stable and reliable network compatible with Bitcoin API.
What we are currently doing is focusing on integration and adoption.
We have recently created
https://litecoin.com and are currently focusing on merchant adoption as well as strategical integration with different service providers. These things take time and we are not in a rush. We are doing this properly and one step at a time.
The ecosystem has drastically changed over the last few years. 51% attacks used to destroy projects. Now, they are just dismissed as a natural phenomena. Pre-mines used to be considered as scams, now they are simply called ICOs. Super fast coins have been released by people who do not understand things like block propagation time and forums are flooded by people who post on topics they do not even understand.
At the same time, a number of really amazing projects have been created and I truly wish they succeed in their decentralization efforts.
Litecoin has a strong following of people who continue supporting the ecosystem. The network did not get where it is today by an accident. IMO the fact that some people have lost interest due to price decline is irrelevant. I see people get paid for their services and sell products for Litecoin every day.
As Andreas Antonopoulous frequently says "Bitcion is a dumb network" ...and so is Litecion. That is the beauty of it. The main purpose of Litecion is to provide a reliable transfer of value. Everything else is secondary.