I find this hard to believe. If It didn't die when it dropped from $50 to $3 back in the day, it is not going to die, ever. I agree that its a copy/paste of btc though. Maybe they implement MW as a sidechain and try something different... I hope they do.
What is your source to predict about price of LTC could potentially drop to such a low level even it is showing mind blowing performance and big merchants already support this. I hope this will keep growing and will get a decent floor in future.
There is no evidence to reduce the price of Litecoin because there are many exchanges that support it, even the daily volume can reach hundreds of bitcoins.