His reason is to not affect the price of LTC but there can be another reason that we don't know yet. What if he knows that the price will fall no matter of the reason for the fall. And how will he feel if the price doubles and triples and he is not in it??? I think that greed is human nature. And he is probably getting out on time before it's too late.
But on the other hand if the setup plays off there will be huge profits. And LTC will have an advantage over other coins because Charlie wont affect it's price.
If the price falls below 200 i'm selling all my holdings.