Absolutely true, no one needs monero when you can have bitcoin (and lightning for private instant bitcoin payments).
The reason why cryptocurrencies exist is precisely to detach money from governments, reason why Monero is persecuted by every single western government whereas that coin you mention is endorsed by them. There is quite a world that needs and uses Monero every day.
Still a global blockchain though with the associated throughput limits. You can't buy cereal with monero because you do that too often.
Wouldn't risk sending large transactions where everything is visible to others when compared to LTC or any other non-private virtual coins.