Litecoin have a good foundation, also has a good market utilization. Always you have got some money to buy the dip, this is why you gotta take profits on the way up.
Litecoin needs time and if you invest in Litecoin, you must give it a lot of patience. You have to make a plan that you accept to hold your Litecoin in a few months. Top altcoins are not easily pumped like new altcoins but when they take off, moon you go. Short squeezes will happen and price will inevitably rise.
It's bad that most currencies follow the high and low of the BTC, Litecoin is a great currency for both investment and use. Fast and cheap transactions. In an exchange where withdrawal fees are usually high, LTC is always the best option.
Because Bitcoin is a biggest and a leader in crypto market. If people feel unsafe with Bitcoin, it unofficially means they feel unsafe with the crypto market. Altcoins are part of market so they will feel unsafe with most of altcoins.
No confidence, no capital, price will be fallen.
Litecoin is very good, as a long term altcoin for your investment. I have it and don't sell it before its price double than today price at least.
4 months ago Litecoin hit over $300, I sold a small part, but I have some saved for the long term. I believe it's just a matter of time (not too long) to be worth at least 3 or 4 times that.