Exactly. Every time Bitcoin heads north, Litecoin follows in its price movement. When compared against other altcoins in existence, Litecoin has managed to remain stable in value despite that it lacks constant development and innovation. The good thing that Litecoin has is its inexpensive fees, and quick transaction settlement. While other alts like Ripple do the same, it’s not as secure and decentralized as Litecoin is.
Therefore, I believe that Litecoin would be proclaimed dead by many people just like Bitcoin, but it will continue to survive in crypto land for years to come. Coinbase's addition of LTC within its exchange, shows that the cryptocurrency has a very bright future ahead of it, and it is far from becoming dead anytime soon. Just my opinion