LTC has essentially the same technological foundation as BTC and, as it stands, is just faster and cheaper. I think people overestimate the value gained from being first to market. Now, LTC's improved speeds are not sufficient to huge scale, but that just means they face the same issue as bitcoin, only further down the road. I have more trust in the LTC team than the BTC team. BTC seems to be more interested in staying "original flavor", than adopting to improvements in tech.
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In some ways, I think there are disadvantages to being the first in the market in the tech industry. I think coins like LTC have capitalized on inefficiencies that are seen in BTC. LTC seems to be innovative and adaptive, which I think will be key to it's survival and growth as a utilized currency