Smart Controller reset to factory settings - lose Litchi app?

I’m having issues with the Smart Controller which I may have to reset to factory settings.
Would I lose my litchi app and have to pay again ?

You would not have to pay again. Your question is (somewhat) answered in the FAQ:

10. I purchased the app on one device, can I install it on other devices?

You can install the app on as many devices as you want as long as they use the same platform and the same “main” account (Google, Apple or Amazon) that was used for the original purchase. If you wish to use Litchi on two or more platforms you will need to purchase it on each one.

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