I have had some questions about LTC along the lines of now that BTC is in the midst of massive growth due to in part the agreement that Bitcoin will now get Segwit, will Litecoin go up or down? Of course, it will do both, but overall I will say it goes up and that the Mother of all Moons is approaching.
Micro gets reflected in the Macro. LTC is the micro to BTC's macro. Both branding and code reflects this connection. Younger to Older brother. Silver to the Gold. BTC now agreeing to get Segwit adds only weight to this connection. The primary difference in the latter is that Litecoin has stepped out of the shadow of bigger brother and brought significant change before Bitcoin.
Many critics say Litecoin is merely only a testnet to Bitcoin. There is some truth to this as it shares similar code. However even if Litecoin's only role were a testnet it would be a testnet to what is potentially a trillion dollar market. Therefor if you think Bitcoin will grow, it's fairly safe to assume Litecoin will follow suit. Is bitcoin growing? You tell me.
Finally, the micro / macro connection LTC and BTC share. There has been an agreement of sorts for Bitcoin to get Segwit. But will it be smooth sailing? Was it smooth sailing for LTC? Arguably many involved in the rocky road to SW activation on LTC took advantage of the sentiment as pools were activated and deactivated, and tests were tried, and doubts arose. Theories of market manipulation etc etc. We saw massive swings on the path to SW for Litecoin. The same will be true for BTC. As these massive swings come for Bitcoin we can expect massive rallies for the Lite. However unlike Litecoin, Bitcoin has many times more invested. If there is the hint of manipulation I think we can expect to see not just outcries on twitter as holders cry fowl, but we can expect all out investigations by the law at large. All of which can have devastating affect on BTC price.
In the immediate, there are rumours upon rumours now as the scaling issue still exists and nothing has actually changed for Bitcoin yet. Transactions are still too expensive for micro payments. Transactions are not fast enough for what users would like. And many businesses today are wanting to get a slice of this crypto market and not be hurt by slippage which can occur while accepting Bitcoin and waiting for confirmation with hundreds of thousands of tx's in the backlog. Bitcoin is still useless for lower end purchases and markets in the developing world where transaction fees can be far higher than the cost of the sale. More and more realise the need in the short term for faster, quicker transactions so we are seeing a stampede of rumours like Bitstamp adding Litecoin.