The biggest reason for the increase is btc slowing down on the bitfinex. Thousands of people await the btc tradition for 72+ hours, some think that they will not give BitFinex's bitcoins to their owners by creating conspiracy theories
Agree with what you are saying. Litecoin is clearly an undervalued cryptocurrency which has huge potential, but was overlooked and overshadowed by many other giants like Monero, Dash etc. I predicted that it would increase in value sometime before 2018 and it looks like I was right. The developers of this coin and its community never truly gave up on this coin which is why they are enjoying huge profits thanks to its current surge and I am loving it!