I knew the gig was up when the lite coin founder announced that he sold all his coins. He tried to play it as an act of altruism... haha. You only made money if you sold. Since bitcoin is going to 300000 a coin I doubt you fella's sold at such meager prices.
Only dumb people will sell their litecoins,its only a market strategy he wants us to dump his coin and then buyback with cheaper price.
I seriously do not think that he wanted to buy our coins. If you look at the history of litecoin, it goes into accumulation zone for a long long period of time. If I owned any I would have definitely sold. I think after the pump is over it would dip sub 100 USD level for multiple months or even years.