it certainly could however I would be very careful in the autumn, there could be a collapse of the btc and potentially all altcoins would be at risk including litecoins
Since everything pegs to the bitcoin and it's possible to happen. There's no doubt once bitcoin dumped and whole of market will be dumped as well. BItcoin was fully dominating the market since a long time ago.
That trend was a common thing once altcoins could not resist from the bitcoin impact to the market.