Lot of smart guys had predicted that bitcoin will have bull run and the price going up is purely because of FOMO ( Fear of missing out). So it is sort of easy to co-relate the price increase with the sudden spike in signups in major exchanges world over.
In US its Coinbase mainly and they have had a huge volume spurt ... which brings me to my main point
Coinbase has $LTC also listed as a coin you can directly buy with your $$$
So with Bitcoin mooning and going up so rapidly and having a huge 15-18k figure associated and with ETH in 400-450 range, lot of new guys are going to pick the cheaper option to stay in the crypto race .... That is - LTC which is priced just around $100
Lot more new money will also go into LTC and ETH ... more into LTC as it feels somewhat cheaper ... I know if you think clearly this is not true and doesnt make sense. However as noob myself in Aug end/Sep first week I loaded up more on LTC than BTC or ETH simply because it was priced much lower
Of course there is lot of good news coming as well about LTC which should drive the Bull run, but don;t underestimate the new money backing the more affordable established coin
I'm happy seeing this rise beyond $130 and hoping we do hit $150 by end of this month :)
Update : Posted this 2 days back and looks like there is a massive interest suddenly in LTC and the price has broken well past 150 and almost touched 200 .... its holding steady in 140-150 mark at this point
