The case for Litcoin near term is simple. The Litecoin halving is coming up in August. Litecoin pumps against bitcoin going into the halving, and begins to dump into the news.

The channel is a pretty good representation of the all time litecoin vs bitcoin trajectory, and the rather large range that it trades in. The one thing that bums me out is the 2013 wick outside of the channel, otherwise it is extremely clean.

That being said, there's 10 years worth of data on that chart above, and there seems to be a pattern around the halving events. Like with Bitcoin, these halving events have maintained a stronger correlation to price movements than many would expect as the market matures.

But lets be honest, If you don't trade cycle theory, you probably got wrecked holding through the historical bitcoin peak season (Q4) and missed out on opening a position prior to the recovery year pump.

Until you see the trend break down, your best bet is with it, rather than against it.