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.
Not only you here had experienced the same way. It is so sad to know that the coin that we bought has a very small value in the future. But come to think of it, most coins that dives so deep are coins that goes up higher in the future. I am not so sure that this Litecoin is for a long term investment, but almost all altcoin goes with the flow of bitcoin. And maybe that is the reason why litecoin is very low today since bitcoin also falls. When this bitcoin will rise again, so there is a big chance that Litecoin also will rise. Don't think negative and look always on positive side before leaving all your altcoins.
Litecoin that had decreased this is indeed one factor for Litecoin to be increased and able to restore the price. it seems that what we are seeing now Litecoin has improved its development to restore its development and its price to return to being a very capable coin to be dependable in the future.