Personally, I don't see why not. I know that it has a long way to go. But isn't litecoin essentially a faster version of Bitcoin? If Bitcoin continues to have scalability issues, people are going to start getting behind Litecoin, meaning that the Litecoin price will at the very least hit 100 dollars, from there, it could go anywhere. Right now Bitcoin is so much higher in price than everything else, that it is difficult to imagine anything catching up to it, but in time, I think certain coins will.