I don't think there's any value and the differences between BTC and LTC are not substantial (IMO).
But my guess is that being the second immediate P2P currency will give traction to LTC and some people who came late to the BTC party will jump in rising the value for a while.
But my guess is that being the second immediate P2P currency will give traction to LTC and some people who came late to the BTC party will jump in rising the value for a while.