Now, it is in the rank of 20 in coin market cap.
Yes, Litecoin is one of the old coins that is best used as an alternative to Bitcoin for carrying out transactions. because the fee is quite low. but now, it is not as special as before, because there is not much development. Meanwhile, many other networks or coins have much lower fees. So if something like this continues, LTC will increasingly lose its position.
yeah, what you said used to be true about the bullrun 2021: Litecoin was once the blockchain for testing new updates proposed for Bitcoin, LTC was once the best ALTS for BTC, LTC was digital silver... Unfortunately, LTC is no longer associated with such positive concepts. It is just an ALTS that is traded and manipulated in the crypto market, its ecosystem has not seen significant development in many years, and even LTC price performance has not been as impressive as BTC or ETH.
From an investment perspective, I would not choose LTC, I think BTC or ETH are better choices and will bring higher returns in this bullrun. The blockchain/crypto market is constantly evolving, and LTC will soon lose its position and marketcap to newer, better, and more promising blockchains.