I would say it's time to start thinking about buying some LTC...
The difficulty has gone up at least 10X while the price has only gone down 10X. This will eventually lead to a supply squeeze and another bubble in price
Notice how the difficulty has been growing since January's ATH - https://bitcoinwisdom.com/litecoin/difficulty
Why, though? There's a reason it costs like 1% per day to short it right now. Buying LTC is like trying to catch a falling knife. The difficulty has gone up at least 10X while the price has only gone down 10X. This will eventually lead to a supply squeeze and another bubble in price
Notice how the difficulty has been growing since January's ATH - https://bitcoinwisdom.com/litecoin/difficulty
If you think LTC has a future (which it doesn't), at least wait until starts going back up again before buying back in. There's too high a likelihood of being a bagholder right now when it dips below $1.