WARNING. Don't buy NovaCoin.
Somehow this is trading on BTC-E.com... The coin is just a week or so old, there was a massive premine, like 250,000 coins, and now all of a sudden it's trading at a price DOUBLE that of Litecoin. Litecoin has been around for years and it has so much to offer the community, NovaCoin is a pump and dump.
Someone placed 'buy' offers on the exchange in excess of 3600 BTC. That's more than there has ever been for Litecoin ever. Right now there are 400 BTC worth of 'buys' for Litecoin. That's a normal number. 3600 BTC? That's $100,000. Someone with some cash is pumping up the price as high as they can so they can dump their hoard in one shot.
IF YOU'RE GOING TO INVEST IN NOVACOIN, YOU'RE GOING TO HAVE A BAD TIME.
Prove me wrong, but seriously, the coin is a few days old. No way it's worth $100k, let alone on the exchange at one time, total scam in progress, folks.