No doubt there that the volumes are spiking but why? I think it is best to stay away from coins that are pumping or about to get pumped judging from the charts without having a clear reason to. Like I have earlier said, litecoin is one of those coins currently at the top only because it was among the very first coins to be developed that's, it's benefiting from the first mover advantage and not that it has much to offer. Why do I have to use Litecoin if bitcoin is still functioning properly?.

Pump and dump are still a thing in the industry and can be carried out with any coin. If you're trader then you can go for the short term profit but don't go in as an investor or you might end up regretting, even the founder has offloaded all his Litecoin bags years back publicly. Although the reason for that actions was clearly stated still there's could be more reason behind such decision.