Litecoin is an open source project, which means that it has the capability and…
Litecoin is an open source project, which means that it has the capability and flexibility to implement relevant and useful tech improvements, such as SegWit and the lightning network. In that matter, it is an improved Bitcoin version,
Pros
Experienced team and very knowledgeable experts in the team, coupled with the fact that block transactions are smoother and faster than most Blockchain networks.
Cons
Their community aren't as passionate as lets say Ethereum, Eos and btc. This I see as a major stumbling block that might limit their full potential.