I’ve really never understood the “litecoin is silver” concept. The reason silver came to be valueable was because gold could only be divided so much, so something was needed for smaller values.
But Bitcoin is infinitely divisible. Why does it need a silver?
A valid point. I think it is because Charlie Lee envisioned it being used for the smaller, cheaper transactions, while BTC was used for big ones. He always describes it as being complimentary to BTC; the idea being not to clutter and slow the BTC blockchain with small transactions. But it hasn't really worked out that way.