I've been seeing large buying the last few days. The amount there were bought are in the 15,000 LTC range or more.
Yesterday and today the price has been pushed down so the "buyers" can grab more from panic sells.

Whoever is buying up all this stuff is pushing the price up and down with 100% control.
Fun to watch.

I will be sitting here waiting. It looks like a long term accumulation.
The one thing I noticed about ASIC coin is that it has very little resistance to 5x increase
than the other LTC pairs that are doing decent volume. And ASIC is still #1 of those.

And only about 1.5 million per day are new coins. So let say 75% of those are dumped daily
then that is only 150 LTC per day on a coin that is doing 3000-8000 LTC volume. Drop in the bucket.

Watching.. waiting... guess it will be awhile till they buy it all. I wonder what it's like to buy over 50%
of a whole coin. $350k could do it here. I'm sure this isn't the first time it's happened .. heh.

Actually that $350k and the 15,000 LTC of buying match up.. hmm.