Despite the huge boom and interest in BTC at the moment, the queen currency remains close to its historical supports regarding the LTC.
Its value has risen little with respect to the LTC.
most crypto are kindof directly affected by bitcoin's price , whenever bitcoin price rises their prices also rises, though I think people now are going to altcoins like litecoin because transaction fee for bitcoin is rising
Many currencies have much cheaper transaction fees than BTC and are more useful, but BTC remains the eina, which sets the standard.
Litecoin is one of the main cryptos so I think it will shadow bitcpin unlike some of the lesser known crypyos which will follow their own path.
I have not analyzed the other currencies, but compared to ETH, LTC has struggled not to lose price compared to BTC, the opposite happens if we look at the BTC / ETH chart.
Altcoins don't really rely on the price of bitcoin to rise anymore especially at atime when the transaction fee for bitcoin was high the price of litecoin was rising when bitcoin was dripping. The current price of $58 gives better hope for $64 mark any time soon.
I agree with you, the LTC is going to reach its next resistance in the short term and seeing that it has struggled with the BTC not to depreciate with respect to the queen currency, then the LTC is one of the currencies that has performed better in these days.
That is very logical, there are many more transactions with LTC due to its low commissions and faster speed.
The BTC in these moements is only a reference, but most of the critical currencies have more utility than the queen currency.