Litecoin is heading towards 1000$.Litecoin is undervalued coin and should go to $100 by the end of this year. Although $1000 seems less likely in near future.
For a long term price increase slight pullbacks are required. If we witness ridiculous growth it wont be sustainable as everybody would worry thats its not going to hold and panic sell. The steady rise of LTC over the last week (well, over the last year) is exactly what will eventually get it to a 3 digit coin and eventually a 4. Once certain things are announced it will jump and hold and steadily rise until something else, then jump, hold (new support) then rise. Just like weve seen with BTC being a perfect example.