I have 12 LTC.
Which where earlier this year around the $450, when I still had 17 LTC.
Should I wait when the price reaches a high point and then sell?
The current amount I have is around the $120 worth of LTC.
You have to be careful with it. Soon enough people will realize how useless it truly is, with no financial backing it'll die. I'd cash out when it's up a bit.
You didn't read my post did you?
I told you "buy low, sell high" and "that is usually what you do when a coin reaches it's low point" I was referencing BUYING the coins for cheap.