By design, there will be 4 times more Litecoins generated than Bitcoins. So the perfect balance point for LTC in an ideal world is 1/4 the value of BTC. Anything beyond that is, frankly, just hype.
Not that I'm complaining about today's rally. Ed likes free money!
I agree with you, excepting as to the user base potential of LTC is much greater eg more distributed mining and 4 x transaction time speed