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Let $\ell_n = \left(n!\right)^{1/n}$. Clearly for all $n \in \mathbb{N}$, $\ell_n > 0$. The question is equivalent to showing that $$\frac{\ell_{n+2}}{\ell_{n+1}} + \frac{\ell_n}{\ell_{n+1}} < 2 \tag{1}$$ Let $$ x_n = \log \frac{\ell_{n+1}}{\ell_n} = \frac{1}{n+1} \left( \log(n+1) - \frac{1}{n} \sum_{k=1}^n \log(k) \right) $$ The inequality $(1)$ now reads: $$ 2 > \exp(x_{n+1}) + \exp(-x_n) = 2 \exp\left(\frac{x_{n+1}-x_n}{2}\right) \cosh \left(\frac{x_{n+1}+x_n}{2}\right) \tag{2} $$ We can rewrite $x_n$ a little: $$ x_n = \frac{1}{n+1} \left( \log\left(\frac{n+1}{n}\right) - \underbrace{\frac{1}{n} \sum_{k=1}^n \log\left(\frac{k}{n}\right)}_{\text{denote this as } s_n} \right) $$

Note that, with some straightforward algebra $$ \frac{x_{n+1}-x_n}{2} = \frac{1}{2(n+2)} \log\left(1+\frac{1}{n+1}\right) - \frac{1}{(n+1)(n+2)} \left( \log\left(1+\frac{1}{n} \right) - s_n \right) \tag{3} $$ $$ \frac{x_{n+1}+x_n}{2} = \frac{1}{2(n+2)} \log\left(1+\frac{2}{n}\right)+ \frac{1}{2(n+2)} \log\left(1+\frac{1}{n}\right) - \frac{1}{n+2} s_n \tag{4} $$

Bounding $s_n$

Using summation by parts: $$ \sum_{k=1}^n \left(a_{k+1}-a_k\right) b_k = a_{n+1} b_n - a_1 b_1 -\sum_{k=1}^{n-1} a_{k+1} \left(b_{k+1} - b_k \right) $$ with $a_k = \frac{k}{n}$ and $b_k = \log \frac{k}{n}$, we find $$ \begin{eqnarray} s_n &=& 0 - \frac{\log n^{-1}}{n} - \sum_{k=1}^{n-1} \frac{k+1}{n} \log\left(1+\frac{1}{k}\right) \\ &=& -\frac{n-1}{n} + \frac{1}{2} \frac{\log(n)}{n} - \frac{1}{n} \sum_{k=1}^{n-1} \left( \left(k + \frac{1}{2} \right) \log\left(1+\frac{1}{k}\right) - 1 \right) \end{eqnarray} $$ Using elementary integral $\int_0^1 \frac{\mathrm{d}x}{k+x} = \log\left(1+\frac{1}{k}\right)$ we find $$ \left(k + \frac{1}{2} \right) \log\left(1+\frac{1}{k}\right) - 1 = \int_0^1 \left(\frac{k+\frac{1}{2}}{k+x}-1\right) \mathrm{d}x = \int_0^1 \frac{1-2x}{2(k+x)} \mathrm{d}x $$ changing variables $x \to 1-x$ and averaging with the original: $$\begin{eqnarray} \left(k + \frac{1}{2} \right) \log\left(1+\frac{1}{k}\right) - 1 &=& \int_0^1 \frac{ \left(x-\frac{1}{2}\right)^2}{(k+x)(k+1-x)} \mathrm{d}x \\ &=& \int_{-\frac{1}{2}}^{\frac{1}{2}} \frac{ u^2}{\left(k+\frac{1}{2}\right)^2 - u^2 } \mathrm{d} u \end{eqnarray} $$ Since $$ \int_{-\frac{1}{2}}^{\frac{1}{2}} \frac{ u^2}{\left(k+\frac{1}{2}\right)^2 } \mathrm{d} u < \int_{-\frac{1}{2}}^{\frac{1}{2}} \frac{ u^2}{\left(k+\frac{1}{2}\right)^2 - u^2 } \mathrm{d} u < \int_{-\frac{1}{2}}^{\frac{1}{2}} \frac{ u^2}{\left(k+\frac{1}{2}\right)^2 - \frac{1}{4} } \mathrm{d} u $$ We have $$ \frac{1}{12} \frac{1}{\left(k+\frac{1}{2}\right)^2} < \left(k + \frac{1}{2} \right) \log\left(1+\frac{1}{k}\right) - 1 < \frac{1}{12 k(k+1)} = \frac{1}{12 k} - \frac{1}{12 (k+1)} $$ Since $$\frac{1}{12} \frac{1}{\left(k+\frac{1}{2}\right)^2} > \frac{1}{12} \frac{1}{\left(k+\frac{1}{2}\right) \left(k+\frac{3}{2}\right)} = \frac{1}{12} \frac{1}{k+\frac{1}{2}} - \frac{1}{12} \frac{1}{k+\frac{3}{2}} $$

We thus establish that $$ \sum_{k=1}^{n-1} \left( \left(k + \frac{1}{2} \right) \log\left(1+\frac{1}{k}\right) - 1 \right) < \sum_{k=1}^{n-1} \left( \frac{1}{12 k} - \frac{1}{12 (k+1)} \right) = \frac{1}{12} - \frac{1}{12 n} < \frac{1}{12} $$ and $$ \sum_{k=1}^{n-1} \left( \left(k + \frac{1}{2} \right) \log\left(1+\frac{1}{k}\right) - 1 \right) > \sum_{k=1}^{n-1} \left( \frac{1}{12 \left(k+\frac{1}{2}\right)} -\frac{1}{12 \left(k+\frac{3}{2}\right)} \right) = \frac{1}{18} - \frac{1}{6 (2n+1)} = \frac{1}{9} \frac{n-1}{2n+1} $$ The argument above suggests that $ \sum_{k=1}^{n-1} \left( \left(k + \frac{1}{2} \right) \log\left(1+\frac{1}{k}\right) - 1 \right)$ converges to a number $c$ such that $\frac{1}{18} < c < \frac{1}{12}$. Thus $$ -\frac{n-1}{n} + \frac{\log(n)}{2n} - \frac{1}{12 n} < s_n < -\frac{n-1}{n} + \frac{\log(n)}{2n} - \frac{1}{9} \frac{n-1}{n (2n+1)} \tag{5} $$ Implying that $s_n$ converges to $-1$ and that, for large $n$ $$ s_n = -1 + \frac{\log(n)}{2n} + \mathcal{O}\left(n^{-1}\right) $$

Using these bounds

We therefore conclude that $\frac{x_{n+1}-x_n}{2} = \mathcal{O}\left(n^{-2}\right)$ and $\frac{x_{n+1}+x_n}{2} = \mathcal{O}\left(n^{-1}\right)$. Since both the mean and difference are arbitrarily small for large enough $n$: $$ \begin{eqnarray} 2 \exp\left(\frac{x_{n+1}-x_n}{2}\right) \cosh \left(\frac{x_{n+1}+x_n}{2}\right) &<& 2 \frac{1}{1-\frac{x_{n+1}-x_n}{2}} \frac{1}{1-\frac{1}{2} \left(\frac{x_{n+1}+x_n}{2}\right)^2} \\ &=& 2 + 2\left(\frac{x_{n+1}-x_n}{2}\right) + \left(\frac{x_{n+1}+x_n}{2}\right)^2 + \mathcal{o}\left(n^{-3}\right) \\ &=& 2 - \frac{1}{2 n^3} + \mathcal{o}\left(n^{-3}\right) \end{eqnarray} $$

Thus, at least for $n$ large enough the sequence $L_n$ is decreasing.

This painstaking exercise just makes one appreciate the power of calculus.