I tried playing with Elliott Wave theory on LTCBTC and the medium term prospect looks considerably more bearish than Bitcoin. Still, a huge buying opportunity lies ahead for Litecoin. FWIW.
LTCBTC - Patience Pays $$$
LTCBTC - Patience Pays $$$
It is impossible, on the longer term, to count LTC/BTC. It's somewhat of a derivative that is dictated by the BTC/USD price and LTC/USD price. To an Elliott Waver, that chart looks corrective since it has so much overlap, too.