The LiteCoin bubble was generated simply from a tweet from ex-bitcoin con Charlie. I've been following him for a while and he's a cool guy. Sometimes he just doesn't know when to stop. But I think Litecoin has tremendous potential and hope he keeps driving up the price and usage. Everyone should own at least one LiteCoin.
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@mralan, Yes I do agree that Charlie Lee is very active on twitter but it's not just the tweet text that matters but the meaning behind it. Yes, he is promoting his own coin but he is also making amazing enhancements as stated above. He is making many tweets but when people realize and know the real potential it starts rising.
Also if it would have been just a pump due to his tweet, I am sure it would have gone back low by now. Litecoin's potential is immense and $100 by this year end is sure. Though doing your own research is very important and that's the reason I mentioned LTC's progress above so that people are aware of the good changes happening to the coin.