Recent targets are officialy negated by recent reversal. Market for this relative strength chart expression of Litecoin vs. Bitcoin has turned from bullish to neutral with a bearish directional bias (i.e.: lacks the reversal confirmation signals in our system for the time being).
For this LTC/BTC Ratio to go up... LTC must rise alot faster then BTC.. but why would it.. when it has nothing other than is just a coin... Nope. The only thing LTC/BTC does is go down. Down down down to hell.
It's only gone up twice.
1) When everyone though LTC was going on Gox on A date... went up to 0.036
2) When Chinese implemented it and noob money flowed in, looked at historical ltc/btc rate and thought it should be bought up.
All other times.. it goes down.
I'm not trashing the coin, I'm pointing out that for LTC/BTC to rise, LTC must rise faster than BTC... but why would LTC rise faster when it has no payment process, no merchant support, no ETF's, no neo bee.. and so on.. Thus, any rise is only short term speculation based and BTC will win. Poor mans btc isn't unique enough / enough of an advancement of BTC to make it ever worthwhile.