Randomness!
There are some super smart guys on this forum who think they can predict coins like LTC due to actual facts. It's almost hilarious if it wasn't so pathetic. The truth is 90% of big moves are irrational and based on intangible human moods and whims.
I've made more money than most simply sticking my finger in the air and testing the mood, often being contrarian rather than following the crowd. But seriously logic is the last thing you want to follow.
Definitely logic should be the first one we must follow. I was looking at the exchange last week and I saw XRP at less than 1k satoshi, I told my friend to invest on XRP since it has been too long that this coins had been pump and probably the following days will be the day. My friend took my advice and bought XRP and now thanking me that he has almost made 12x profit from the trade. I don't know, it only logical to think that all popular coins are pumping and XRP had yet to pump. And my speculation is right.
I caught some of that rise and called it if you look back on my past posts BUT it's not nessecary logical cause actually Ripple has been pretty much bottomed for tha last year so how come you and a I called it within a few days? Because we sensed old coins were being pumped back after the big BTC rise, coins like Dash etc so we speculated that XRP as a major undervalued coin could well be next. That's still sentiment in the end otherwise it could of risen anytime on the last year.
Ironically that is why I think LTC is being looked at again and getting some action. My issue is people are thinking it's cause of Segwit implementation...bullshit it's just sentiment and Segwit is at best just a news trigger people can hand their pump on.
crypto is I'm my opinion 100 people playing musical chairs with 10 coins, it all very knee jerk and feverish ultimately.