If there is a contentious HF and Jihad Wu actually pushes with his hashrate to force it: big price crash and BTC refugees go to alts = LTC will benefit
If miners keep blocking progress (segwit which enables proper LN etc etc) Bitcoin will never scale and will remain as immutable gold: people will search for fast velocity alts = LTC will benefit
If segwit is forced via UASF this will cause big tensions because like it or not it's a bit of a controversial feature and may cause price crashes, aggressive miners etc = LTC will benefit
If somehow BUcoin wins and there's a PoW change to defend from it creating a clusterfuck of a situation where a lot of innocent miners go out of business = LTC will benefit
Once LTC gets segwit, all LN development will move there because who wants to develop under crippled mode (no segwit) when you have LTC, which is a BTC clone which actually scales and has the network effect of the original alt?
And also has a chinese developer which is very diplomatic and will find agreements with miners?
The ideal outcome of all of this is of course BTC getting segwit via miners agreeing to 95% signaling but let's be realistic, this will never happen.
So the second best outcome looks like BTC should remain immutable hodl coin used as gold, while LTC is a more malleable with actual possible agreements thanks to its 75% activation threshold which is about to deliver us segwit without any clusterfucks and internal war, which means LN would kick in in full force, which means LTC would be used as a coin for minor transactions while BTC remains the gold of crypto.
Discuss.