Litecoin (LTC) is currently priced at $84.19, reflecting a 24-hour change of -1.87%. The daily price range has been relatively tight at 3.51%, with a high of $87.38 and a low of $83.87, indicating limited volatility in the recent trading session.

The trading volume stands at approximately $503 million, representing 7.80% of the market cap, which suggests a healthy level of trading activity relative to the asset's overall market presence. Short-term moving averages show a bearish trend; the 8 SMA is at $84.31, indicating a slight decline, while the 21 SMA sits at $85.26, demonstrating more significant downward pressure.

The 1-hour RSI is critically low at 20, indicating oversold conditions that often suggest a potential price reversal. However, the 7-day RSI at 50 shows a neutral stance, while the 30-day price change of -20.42% indicates a longer-term bearish trend that could weigh on investor sentiment.

In terms of price history, Litecoin's all-time high of $410.26 was recorded in May 2021, leaving substantial room for upward movement but also emphasizing the significant decline from that peak. The 14-day price change is modestly positive at 0.21%, but the recent 7-day price change has been negative, highlighting a lack of momentum in the near term.

Given the current oversold conditions reflected by the low hourly RSI and the stability in the daily range, there may be a short-term opportunity for a rebound. However, the longer-term bearish trend and recent price action suggest caution among investors.

Overall, the analysis indicates a Hold rating for Litecoin (LTC) at this time. While a potential short-term bounce is possible, the prevailing bearish momentum and lack of strong buying signals warrant a more conservative approach in the current market environment.