Yeah, Litecoin is skyrocketing. This is because of the scheduled launch of LitePay. For more information please read this article.
https://steemit.com/litepay/@sumanpuja/litepay-is-coming-one-of-the-best-time-for-litecoin-lovers-don-t-miss-the-opportunity
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Also there is an upcoming fork of litecoin. Lick it or not. I do believe it is having an effect on the price.
Yes, you are right. I have written about it in my recent blog article.
https://steemit.com/cryptocurrency/@sumanpuja/get-ready-for-some-free-cryptocurrency-plan-making-10-litecoin-cash-every-owned-1-litecoin