OP is referring to recent Litecoin pump and dump I think.
litecoin pump and dump..
who cares.
its temporary price drama.
plus
it was caused by twitter..
not asics or china or asicboost.
asics and asicboost has done nothing in the last 2 years
bu, classic, xt, and a dozen other implementations has dont nothing in the last 2 years
reddit and twitter "rumours" have been the attack, twisted as a victim card being waved at a situation that has never played out
Doesn't change the fact that that positive segwit news/rumors make the price go up and negative segwit news/rumors make the price go down.
When Charlie Lee confirmed that Wang would not stop signaling segwit, price went back again.
Now if Jihan confirms that he will drop that amount of hash rate against segwit, the price will go down too.
Rumors have to contain information and depending on what the rumor says market reacts.
TL;DR: segwit news/rumors make the price go up and negative segwit news/rumors make the price go down. This is a fact.