you should have asked this before you bought
but anyways you did good. Litecoin is one of the good altcoins which has been around for a very long time. it has a good developing team and this coin has a lot of potential of growth. if you look at the price history it has gone up this year from around $4 to nearly $50 current price.
the resistance around 0.01BTC has been huge preventing it from ever going lower.

the future also holds a lot of news and new features of it.
with SegWit a lot of chances to grow opened up. the Lightning Network is an example which will bring the Atomic Swap and makes LTC easily acceptable to anyone who is accepting bitcoin for example.
there is also Confidential Transactions coming which will make LTC a serious cometitor among the Anon coins such as Monero.