Well, being an ERC20 token and stealing the "Litecoin" name from the real Litecoin, I think- actually I know- that it is just a piece of crap coin and the Devs are tying to make a quick buck (a lot of Bucks) from selling a coin which is purposely meant to seem like a Litecoin hard fork. Once the Devs get their desired amount of money, or it stops making them money, they will completely abandon it and create a new ERC20 token (another piece of crap which anyone could create) and make it seem like it a close relative (possibly seem like another hard fork) of a well known and well respected currency.
Good luck and do NOT fall for these dumb coin scams which just piggyback off of another coin's blockchain (Ethereum)!