Of course BTC movement is crucial to LTC behavior, so it all depends on what BTC will do.
Breaking .02 resistance would hint the next major step up. But we have to mind other alts like DRK, BC, NXT and maybe some others competing with LTC this time around. Features that are provided with other alts are significantly advanced compared to LTC being only a scrypt clone of BTC.
And LTC has made their stance that they will sit back and hope that Scrypt ASIC farms will not devastate them, in hopes that Scrypt ASICS's will also be bought out by the average joe that can afford a decent one to mine LTC, thus minimizing the transition. GPU mining is dead for LTC so I honestly don't know what to say but to sit back and watch the fireworks. BTC survived ASICS, but BTC is king and they just continue to up the difficulty! Who knows what's in store for LTC's "sit back and wait and watch" stance. I for one like my BC. I don't have to worry about ASIC's at all, it's not minable. And, it doesn't have the "so called" coin anon feature that gives me the jitters. I don't want to wake up one day and realize that all my coin is frozen on an exchange because some shady characters got caught transferring what they thought was anonymous to other shady characters, and the ABC officials stepped in. Which will stink for the whole system as it will temporarily create a backlash on the crypto-world's growth. Transparency is key to making this system legit. But these are just my two cents. Thank you so much, Yerb!! You bring up a fascinating topic!
Oh what a gamble it is!!
Cheers!!