I'm seeing boasting posts in exchange chat rooms about dumping of ltc. Looks like some early adopters having enought bitcoints converted them to ltc in order to boost up panic about Greece default.

So, rich guys byuing ltc ,making it $5-6 and others think that it all because of Greece and will make price 9-10 recently. But Greece citizens can't even get their own money from banks how they can move them to cryptocurrency?

It's usual process for speculation but guys! Be responsible! When you start to trim hamsters by dramatically dumping price it will be ok to return it 1.8-2 but if fear will be to strong and crowd will bring price to $1 or lower whole crypto-community will not be able to return again to normal prices.

So, if you have enough money to trim others just do it. But be responsible. Do not start too big wave because backward wave may destroy yourself!!