I have the LTL3, and I don't know where it sits in the Praktica history. It's a well built camera that doesn't have a lot of frills.
Like most European cameras, there are no foam seals (to degrade) as the back was designed properly to block light.
The shutter is somewhat loud, and the viewfinder (on the LTL3) is spartan with just a meter needle and circle.
However, it's a very reliable camera because of its simplicity. The front mounted shutter release is sort of an acquired taste, as the saying goes, but it's simple to use.
I have an MTL3 -- My first SLR ever. Got it in 2000, it was made in 1947 (IIRC), and it still works just fine.
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