How was increased hashrate LTC pump On?

[bit1]

Before, During and after               (June 1 - July 11)       Hashrate now  -->   1.38 TH/s    Price around  $4.00

[bit1]

Only analyzing relation beetween Hashrate and price.


Hashrate 1.21 TH/s   price$ 3.99           Hashrate down a little after pump period. However price is same.

[Nxtblg]

You can look at it this way: the recent pump and subsequent dump did move a lot of otherwise unsalable sCrypt ASICs.

[bit1]

You can look at it this way: the recent pump and subsequent dump did move a lot of otherwise unsalable sCrypt ASICs.

It´s a good way of see it.  

Besides I'm guessing that if LTC goes < 1 again at least 1/2 of its hashrate could be redirected to antothers  sCrypt ASICs coins.