News like those below adds to the rumors and panic.
https://www.cryptocoinsnews.com/wtf-just-happened-to-litecoin-and-bitcoin/
https://blog.bitmex.com/chinese-promoter-pumping-litecoin-via-ponzi-scheme/
https://coinplorer.com/LTC/Addresses/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou?skip=20
BTW ^ this address has been receiving LTC even before the LTC rise.
https://coinplorer.com/LTC/Addresses/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou?skip=8000
see tx
+ 500 LTC
4/20/2015 12:53:21 PM (UTC) 388R1NB8w28Rid3MBXPbhp7rG5ojdx2Udf, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 3,000 LTC
4/20/2015 12:29:08 PM (UTC) 3FnCGzkGuYTUy8kqEVJLiwcD45HDna3V6n, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 500 LTC
4/20/2015 9:12:56 AM (UTC) 3Nh3pRKbyEi8tWP5DvF43tzb9sLabqHNH2, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
see tx
+ 1,000 LTC
9AM EST 2015-07-10
6:28PM EST 2015-07-10