Litecoin (LTC) is currently priced at $84.54, experiencing a 24-hour decline of 3.40%. The daily trading range has been relatively narrow, fluctuating between a high of $87.67 and a low of $83.49, indicating a volatile market with a daily range of 4.18%.

Volume stands at 606,794,813, with a volume-to-market cap ratio of 9.38%, suggesting moderate trading activity and liquidity. Short-term moving averages are indicating bearish momentum, as the 8 SMA, 13 SMA, and 21 SMA are all below the current price, contributing to a downward trend in the short term.

The 1-hour Relative Strength Index (RSI) is at 43, suggesting that Litecoin is approaching oversold territory, which could indicate a potential rebound in price. However, the 7-day RSI at 52 and the 14-day RSI trending downwards at -12.66% imply a lack of strong upward momentum in the medium term.

The price has decreased by approximately 14.50% over the last 30 days, highlighting a bearish trend in the longer timeframe. Given the current price levels, recent volatility, and the mixed signals from moving averages and RSI metrics, the overall sentiment remains cautious.

Considering the technical indicators and current market dynamics, a rating of Hold is warranted. This rating is based on the recent bearish momentum, yet the potential for a short-term rebound as indicated by the oversold 1-hour RSI.