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.
To give a simple thoughts about it, no one is selling now because more holders chooses to wait until there's changes of it market movements. While btc hasn't yet reached the previous ATH, I think other coins also have been stagnant and couldn't move up high. I guess litecoin always depends with btc market pairs as well as eth, which got a huge market volumes on biggest trading sites where this coin was listed.