I think that Charlie Lee, the Litecoin inventor, sold ALL his LTC is a terrible news for LTC community. I sold my also - to put everything in BitcoinCash. Who wants to hold a crypto that is not backed by people who believe in this? Would be like the US president not likes dollars anymore and pays only in rubles.
Money from Litecoin will flow into Vertcoin and BitcoinCash after this Charlie Lee News. Both cryptos are closest to both others, from background and community. Check my blog what i wrote to both cryptos.