This litecoin shit makes no sense to me, the market cap is now approaching 10% the market cap of bitcoin. I have heard litecoin supporters blather a million times why litcoin should have value, but I still don't see it. Why not just use bitcoin? The faster confirmation shit is flat out deception. I suppose this litecoin rally could simply be a manifestation of humanity's psychological and logical weakness with regard to integer unit prices ($900 is too "expensive", $30 is so much more "reasonable"... Sigh). But markets can only up put with the collective stupidity of humans for so long. Reality always comes back, it is just a question of when. I would be very very surprised if there was not a heavy correction in the LTC/BTC rate soon.
I feel your fear. I took some insurance against that Litecon threat after having felt the same fear when it did the same crazy rally half a year back.
The problem I see is that the irrationality in buying Litecoin may actually become a self fulfilling prophecy.
The higher it goes, the more people start to accept it, the more start to mine it, and the more start to buy it.
Trow in some infighting or unexpected screw up for bitcoin, and before you know it litecoin is bigger as bitcoin and you missed out.
So I would say, take some small insurance now, accept the premium as a punishment for not having thought about fire insurance before the fire broke out, and if it corrects take a decent insurance.
I'll sell you some
This insurance business is awesome!
it seems, that Max Kaiser was right all along. LTC will be soon worth 50 dollars. Congrats to its holders. 
