Litecoin is known as bitcoin's baby brother and is technically a clone of the original bitcoin. It has hid in the shadow of its big brother since its inception. That may no longer be the case as Litecoin has taken steps to legitimize itself as a crypto that can stand on its own two feet. The implementation of Segwit and the Lightning Network are helping to further Litecoin as a legitimate contender in the cryptocurrency space. Litecoin first caught my eye when it went from $3 to $38 after Segwit was announced. It is now flirting with the $50 level and a break of that could spell much bigger gains soon. Litecoin should continue to serve as a testbed for bitcoin and will rise in value due to further technical improvements. 
Litecoin long term support
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I was always under the impression that the jump up to $38 we had a few months ago from purely from it's addition to Coinbase. If I remember correctly, after segwit was enabled, Litecoin crashed down to the high 20's again.
Regardless I am a hodler and believer in Litecoin. With the cloudy mess that's over bitcoin mining/dev right now I think it's a better choice than ever.
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The drop was a classic buy the rumor, sell the news event. The crash from $38 to the low $20's was an incredible buying opportunity. Litecoin is very undervalued. I believe Litecoin can do what Ethereum did from January 2017 to now.
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I like the narrative of Litecoin as a 'testbed' for Bitcoin. Especially now that the scaling debate comes to a decision point (at least, that is my understanding), sticking with the major alts is not a bad choice.
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