That used to be the case up until about 2015 or so, perhaps a bit later, but it's not really true anymore. Bitcoin is still the 'gold' but other coins like Eth and a couple of others have kind of taken the place of that 'silver'.
Litecoin more or less tracks the price of bitcoin, so unless bitcoin goes to $100,000 or thereabouts I wouldn't think ltc would go to $1000 on its own. It's possible there could be a pump by investors with a lot of money, but if that were the case the price wouldn't stay that high that long. I don't dislike ltc as a coin, and it actually does have merchants that accept it...but it's not my kind of coin as far as investment goes.
That's certainly true, mate. Litecoin is not how it used to be within crypto's early days. Now it's just a pump-and-dump coin than anything else. While it works as an experimental grounds for Bitcoin to test out new features, it's not quite as useful as it used to be. There are now zillions of altcoins that are much faster and cheaper than Litecoin itself. Even Ethereum has been superior than Litecoin in every way. I guess the only thing that has kept Litecoin alive is its branding recognition. After all, Litecoin is one of the oldest cryptocurrencies in existence. It has a tried and tested blockchain ledger just like Bitcoin. Compared with other alts, Litecoin is much more secure and decentralized.
As of now, each Litecoin is worth less than $100. The goal of $1,000 per coin may take longer than usual to reach, if Litecoin remains like this. There needs to be massive demand into the cryptocurrency to drive its price to the moon. The only way for Litecoin to reach such astronomical levels in price is if Bitcoin experiences new gains across the crypto market. The next bull run, would benefit not only Bitcoin itself but other altcoins as well (including Litecoin). Someday, we'll get to see the true value of Litecoin as the crypto industry evolves over time. With stable market prices, and an ample regulatory framework for Blockchain technology, Litecoin and other cryptocurrencies would remain stable in price for the foreseeable future.
Nonetheless, it's hoped that the next block halving would increase LTC's price by a small margin. All the eyes are on Bitcoin, as once it increases in price, other altcoins will follow. Time will tell us if within a couple of years from now, LTC will reach at least $1,000 per coin or not. Just my opinion