I've read that if you log out and log back in it will correct the situation. (all those letters - in my opinion, is why Steem.it is not gaining mass adoption.)
You are still following the same people . they say. I hope this helps.
I for one, don't want to reenter the long list of password letters. Steem on.
Today, I see that I have regained my "Followed list" as it was before.

Followed and upvoted.