Given the Chinese now know they have us by the balls, they are always manipulating the LTC markets as well. Using all this to
pump up and
crash the LTC price at will and taking more BTC from all of us.
the LTC manipulators aren't trying to take BTC off you, to many LTC traders (including myself), LTC is BTC (without the premine).
and its not about chinese, just because the largest exchanges/farms are from china doesn't mean its the chinese (i trade 99% of my trades on chinese exchanges because thats where the liquidity is, and many of the chinese mining farms are back by US/european investors).
in anycase the current rise in LTC wasn't the chinese the chinese exchanges are lagging in that massively (because the big chinese exchanges only fiat can be withdrawn your LTC/BTC is currently locked).
in summary LTC/BTC is more crossboarder then you realise, when simply crediting any one national group with any control.