I bought some Litecoin when the price was on it's way up. The price took a dive but I've been holding them in the hope they will recover to their former glory. This doesn't appear likely to happen any time soon, would I be better off selling them now and limiting my losses and investing elsewhere or do you think it's likely to achieve a higher price in the long term? All advice appreciated.
The first mistake you done is you bought the coin when the price increasing. I think you shouldn't try to chase the spiking price, because you won't know if the price will keep increasing or falling after you buy it. But i think litecoin is a good coin, it is used by many people, so the price will be back increase.