It's no just ltc, its nvc, nmc, and ppc also. Basically, there's an obvious pump going on, and while people are uncertain will it remain high, they will keep buying,
but after a while, when price remains at these higher levels, and people get comfortable with that price enough to buy - that's exactly the moment they will cash out.
Judging by previous such acts, the price should remain high for quite some time, but i'm not buying into those sh*tcoins, no way.
cheers
There's a giant wall on Bitfinex stopping the price going down. If that wall gets removed the price could crash very quickly. Sooner or later it will probably be removed for profit taking dumps. I consider buying into Litecoin a high risk now the price has been pumped so high.