We're looking at the early stages of a bitcoin bull run. People have noticed that in the last two big bitcoin rallies (April 2013 and Nov 2013) the ltcbtc pair rallied alongside btc, meaning that litecoin yielded a higher return than bitcoin during those rallies. This chart shows that the ltcbtc pair didn't rally until a few weeks after the bitcoin rally began, which may explain the expected ltcbtc rally has not yet materialized even as ltcusd and ltccny remain bullish. Original idea for this chart from twitter.com/pterion2910/status/737033445063467008
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