your analysis is right but , we are really in unpredictable stage right now. Many of people in the crypto market is going after BTC because of the popularity and old history, even many don't know there are other coins exist, main are investing without understanding anything about cryptocurrency and blockchain just for profit, that is fine for me . Yes, LTC is undervalued, it only need is a wave to reach that point, let's hope it will come soon. If btc soon don't solve it slow transaction and high fee then it will happen with in few month.