I find current Litecoin price unsustainable and have to urge caution when buying at this level. The only reason that made price pump 500% is the halving which is two months away and all these people shilling like madmen.
If you don't want to cut your losses sell while still on profit. I don't know who exactly will buy this coin or why it exists besides speculation. I don't see comments covering anything else besides price so I guess it has no other use. Even when at 20$ Litecoin had little appeal. Just move into Bitcoin and spent your time on the real deal.
Then again, IMHO, it may be 'undervalued' compared to BCH and BSV, again IMHO. Litecoin may be undervalued and making a play to get in that sandbox of pricing.
Traditionally, (way in the past at least) Litecoin, used to, be a way to tell the actions of bitcoin. Many times LTC would pump just before bitcoin or dump just before bitcoin.
So you could be right, this could all be FOMO on Litecoin. But I suspect if you are correct and it is all FOMO, it will affect Bitcoin next, and if so, likely this FOMO pump you
are seeing is not done yet.
Me, I'm in full HODL mode on BTC, LTC, LISK, Siacoin, and (embarrassing because I have a lot) Fujicoin (don't ask).
Without mining options (for now) that make any sense for Litecoin, just keeping the 'remains' of my mining hoard above in full HODL mode.
hey, stuff to do.
later
brad