I think that LTCUSD has a WAYS to go in the overall long term trend. Performance has been stagnant compared to BTCUSD and will continue to be so while BTC dominance is high. When will the switch be turned on for LTCUSD? Only time will tell, but it may arise from the depths and rise out of nowhere like it usually does. The litecoin halving event on 05 Aug may be the catalyst that may create this increased price action. I believe LTC has started the 5th wave of the elliot wave series. The bottom chart is LTCBTC with some prior performance history.
Note: The LTCUSD chart is in LOG scale, so parabolic action will look linear.
Note: The LTCUSD chart is in LOG scale, so parabolic action will look linear.