iPhone 5c Stuck on apple logo (10 seconds) then restarts

Zeshan if you like to keep your phone functioning you will have to take care of the water damage "After i left it to dry it" is going to set you up for failure. Corrosion will set in and destroy your phone. To properly treat water damage I'd suggest a bit different approach. Start off by turning it off, do not try to turn it on, to charge or to sync it. This could potentially make a bad situation worse since it could shorten more components on the logic board out. Disassemble your phone by using this guide. Clean your phone with 90%+ (or better) isopropyl alcohol. Use this guide to clean your phone. It was written for a 3G but all the steps are pertinent to your phone as well. Inspect your board for any missing or damaged components. Remove all the EMI shields to clean the board. Once properly cleaned, replace the battery and Lightning connector. Then reassemble and re-evaluate. Water damage is the hardest to diagnose and to repair since almost any part can have failed.