A lot of people are waking up to the idea that for many reasons - Litecoin may be superior to Bitcoin on technical merits.
However - there needs to be Litecoin infrastructure built.
Some people may say that Natural Gas (CNG) powered cars are better and less polluting than gasoline/oil powered cars.
However Bitcoin(oil) has a headstart in infrastructure build out over Litecoin(CNG) we may very well end up with Bitcoin winning not because it was better but because it was first.
Though - that does not mean Litecoin is worthless - if you follow my energy analogy - crude oil trades for about $90 a barrel, natural gas still trades for $4/MCF.
Litecoin does have an opportunity coming - if in the next few months it can build infrastructure and leverage its larger more diversified miners, and the wider distribution of Litecoin holdings in the long run Litecoin could in fact overtake Bitcoin.
I however expect that the Gold/Silver analogy will remain a good one, and while Bitcoin may reach $1,000/BTC one day I think it is completely possible that LTC reaches at least 10% of that value.
Just my .02 LTC.
from experience in the energy industry where we DO NOT use what is BEST.