@miscreanity what I see on those charts is that Bitcoin is making lower highs and lower lows after the $1280 (isn't that a double-top from the peak intraday price in 2013?), which is short-term bearish. And the candlesticks on Litecoin are forming a wedge pattern which about to breakout, either to the upside or downside (but normally such a pattern will continue in the direction it was on, so upside breakout).
Combine that chart understanding with
the fundamental understanding of Bitcoin as Nash's ideal money, and that is why I posit that Bitcoin can't move higher until Litecoin catches up.
Perhaps my hypothesis is totally wrong, but I've shared it all in open source for others to respond to.
I doubt we'll have to wait more than a few weeks to start seeing some movements, but it may be a few months before the primary upward trend resumes with strength - potentially as an inflection point of the expected phase transition.
You mean the BTC upward trend?
I am hypothesizing that BTC will be range-bound (eyeballing it perhaps $800 - $1150ish), until Litecoin has clearly signaled that it is resuming its relevancy and on the way towards an ATH.
As for ETH, it was more compelling when it looked like there was no other Lightning Networks alternative to Bitcoin, given that Ethereum's LN clone named Raiden is nearing beta. I think those who diversified from BTC into ETH, take profits when ever it rises relative to BTC.