If you hold the light coin at a higher price, you will definitely be able to recover it. The reason why the price of light coin is decreasing is to increase because if the price of token does not decrease then no one can buy and if not then no one can sell. So it is normal for the price of coins to fluctuate. You can definitely recover like coins from here.
Your title is correct in spelling litecoin.
Cryptocurrencies are volatile and it's not surprising to see them fluctuate that's why those people that have bought litecoin at a high price. They only have a few choice.
To hold and wait, sell at loss or to buy more at low price.