There is a whale trying to get more coins, forcing sell orders lower but doesn't want their coins sold. They moved there sell wall up from 1210 to 1400, as soon as the price gets close they will remove the sell order again and place it higher. Watch!
Is there a name for such practice?
Looks like it moved to 1500 now, my guess is it's being used to keep the bittrex Euro value the same as Nocks and keep the traders that have moved to Nocks to stay there. Higher price on bittrex would mean they come back to bittrex.
Testing will soon be over for PoW2 and SegSig update and I expect a official release date 1st 2 weeks in Jan.