There's no denial that the fundamentals as well as the general trend is favorable for Litecoin.
In the short-term, however, there're signs that it has been overbought. The bearish crab pattern may be confirmed today, and increased volatility may ensue next week.
There's strong support as in the chart. It'll be a good idea to long when price retraces close to that area.
Meanwhile, if BTC decides to shoot up to 20k, LTC would also double without remorse. So an entry at this price point would be a judgement on the likelihood of BTC bubble continuation.