Litecoin (LTC) is currently trading at $101.88, experiencing a notable 24-hour price increase of 15.05%. The daily trading range has been significant, with a high of $104.26 and a low of $86.10, reflecting volatility that is characteristic of the current market conditions.

The trading volume for the past 24 hours stands at approximately $1.64 billion, with a volume-to-market cap ratio of 21.09%, indicating strong trading activity and interest. The hourly moving averages suggest a bullish trend, with the 8 SMA at $101.22 and the 13 SMA at $96.09 showing positive momentum, reinforcing the upward price action.

The 1-hour RSI is currently at 74, suggesting that Litecoin is overbought in the short term, which could lead to a potential price correction. Conversely, the 7-day RSI at 51 indicates that the asset is neither overbought nor oversold, showing room for further price movement in the medium term.

In terms of price changes, Litecoin has shown a 7-day increase of 6.33% and a 14-day increase of 5.79%, indicating positive momentum over the short to medium term. However, the 30-day price change of -13.06% highlights a recent downtrend, suggesting caution for long-term holders.

Given the current technical indicators and the overall market sentiment, a short-term correction may occur due to the overbought status indicated by the 1-hour RSI. However, with strong trading volume and positive short- to medium-term price trends, LTC has the potential for further gains if it can sustain momentum.

Based on this analysis, the recommendation is to **Hold**. While short-term traders may want to consider profit-taking, the underlying trends suggest that holding LTC could yield positive results if the price maintains above key support levels.