BTW ^ this address has been receiving LTC even before the LTC rise.
https://coinplorer.com/LTC/Addresses/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou?skip=80004/20/2015 1:25:02 PM (UTC) 34ya1Bx4MQQnQJEnyG1G914fPTKZnPSrj2, LRTCpLKySqh5m39VuBvbMZYRjhwYr3kdNT
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
Those that claim that that address is may wish to reevaluate their conclusions as to the caused the LTC/BTC dump.
https://bitinfocharts.com/litecoin/address/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatoutx: f8281149e...d0cb 813259 2015-07-10 04:57:20 -500 LTC 1,068,047.7324 LTC $6,397,658 @ $6 <---- That is when withdraws started on the wallet. After the dump.