What does the future hold for Litecoin?

Will we see large corporations buying at a pace much similar to BTC or will we see any new developments in the space?

No guarantees, but why not? Particularly by those who feel that they missed the best ROI opportunity on BTC. That said, only time will tell.

Institutional investments

I do think we need a collaborative proactive positive community that discoursges redundant fud/fomo while promoting awareness. Many institutions look at the community as a positive sign or not.