Litecoin is way overdue for a pump vs the BTC pair. Right now it has enjoyed some nice USD gains and is still WAY ahead of BTC since the market bottomed out.

Litecoin saw a bottom of $22 whereas BTC saw a bottom of $3,100. If anything this cool off period was warranted for LTC.

Bitcoin being the central trading pair for almost every coin out there has a lot more utility and as a store of value whereas LTC works better as a money transfer tool with the store of value as a secondary function.

I agree that it is undervalued but simply having 4X the supply and the same token model does not mean it should be 0.25BTC but the current price of 0.01242 BTC is extremely low. It was just trading at 0.0177 less than two weeks ago!