Yeah I saw that too, if you look see the 24 hour cycle it was all asia trading days bringing it down then US day brings it back up. The news of South Korea regulation spooked a lot of people, it's reminiscent of the China news in the fall.
It's floating at 250 now, the 1 month chart still doesn't look very bulling but I am holding still. I did cover myself at $350 so at this point I am pretty content to just let it ride out...if you see the news Litecoin is becoming the new go-to since it is (IMO) in general a better coin. Bitcoin is such a high price point too.
I think 2018 will bring new highs for LTC yet. My next exit point is $900 as there will likely be key resistance at $1000.
You are right on the speculation piece, and the bubble piece, this will crash down. It's just a matter of when and how much. I still think it is just beginning to penetrate the main market. People talk about bitcoin at work, Litecoin is just hitting the news and I hear people talking about buying it or buying more. I think thay once South Koreo calms down it'll resume its rise upwards :)
