dont forget he has a contract with 420 to buy 700$ worth ltc

Seriously?  $700 amounts to chump-change.  I personally traded out of that much this week just because I happened to have that much and decided the trend had moved away from LTC as a viable "Bitpenny" proposition (I still think we need one, but LTC has failed for a variety of reasons).  I have no interest or investment in the BS politics of the whole "scene".
 
People don't scam for $700.  Now if you know of someone going for $700M... Or even $700k worth - Let us know - Until then, just noise in the background.