BTC? nope
Well, so when are we to expect the Bitcoin price to go down finally?
I don't know about Litecoin, but personally, I'm waiting for Bitcoin correction. Obviously, only to buy back what I sold at recent highs. So, according to your logic, we should necessarily see Bitcoin price if not crash, then at least decline massively (due to people dropping bitcoins like hot potatoes and going full throttle into Litecoin). But this is nowhere to be seen, it looks more like Bitcoin is consolidating right now to jump at new highs in the nearest future. I guess you should try to coherently explain this conundrum or paradox
The thing is, people don't necessarily need to drop their BTC for LTC. Now that LTC is in Coinbase which is what most people use to buy coins, people can buy it for LTC. Also there's billions in other coins and LTC is a good coin to buy and hold.
People don't want to make just more dollars, they want to make more BTC, and if you want to make more BTC, you have to hold at least 1 alt that will go up against BTC.
It's obvious that BTC will sooner or later meet a dead end in the scaling debate. LTC is already ready. The development and efforts made in LN will all be running on LTC soon and this will translate in price as more and more headlines about LTC hit the news:
http://www.coindesk.com/litecoin-giving-new-life-bitcoins-experimental-tech/