I was always under the impression that the jump up to $38 we had a few months ago from purely from it's addition to Coinbase. If I remember correctly, after segwit was enabled, Litecoin crashed down to the high 20's again.
Regardless I am a hodler and believer in Litecoin. With the cloudy mess that's over bitcoin mining/dev right now I think it's a better choice than ever.
The drop was a classic buy the rumor, sell the news event. The crash from $38 to the low $20's was an incredible buying opportunity. Litecoin is very undervalued. I believe Litecoin can do what Ethereum did from January 2017 to now.