The history of Litecoin is a bit of a hit-and-miss. At the end of 2013, the currency saw a sudden price jump, which ultimately peaked around US$50.27. At that time, that was an enormously high value for Litecoin, considering Bitcoin was worth less than that not too long prior. Unfortunately, it quickly became clear the price movement was not natural by any means. Instead, it was sheer manipulation by the Willy bot, which also impacted the Bitcoin price.
Nice blog. Thanks for bringing this to our attention. Though prices might seam inflated for now I don't think they will look like this 2, 3 years from now. I really advice people to take a look at: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. For example: https://www.coincheckup.com/coins/Litecoin#analysis For a complete Litecoin Detailed report