Litecoin was one of the first altcoins to appear so it was heavily inspired by the ideas behind Bitcoin. In fact, it is made to be the currency that will address the major drawbacks of Bitcoin. It is 4x faster (2.5 vs 10 minutes for releasing a block) and mining is somewhat easier.
It certainly has been over the years, even though there were short term fluctuations that are inevitable for any currency. But at the end of the day, it has always been in the top 5 cryptocurrencies.
It is traded on almost all reputable exchanges, so its very easy to get a hold of it. However with the current price at $151 only did you think it has a high probability of increasing in price drastically possibly competing with bitcoin in the future as a means of storing value??
people reacted bitcoin price continue to drop in the coin market cap and they afraid to buy as investment actually bitcoin down fall are affected the altcoin including your litecoin you want to buy for your investment, i tell you myself analysis what will happen for crypto currency for almost six the function are movement is not normal difficult to predict and when the price rise.
For me now is the time to invest in the world of crypto bitcoin and your plan to invest litecoin are opportunity to grab in low price value because i strongly belive later on bitcoin includes altcoin gives better profits in the right time.