Litecoin (LTC) is currently trading at $92.70, exhibiting a 24-hour price change of 1.26%. The daily trading range indicates volatility, with a high of $94.69 and a low of $90.95, suggesting a short-term consolidation phase within the established price range.

The volume of 507.22 million reflects a significant interest, with a volume-to-market cap ratio of 7.16%. However, the hourly moving averages are predominantly showing negative trends, with the 8 SMA and 13 SMA indicating declines of 1.37% and 1.35%, respectively, suggesting short-term bearish sentiment.

The RSI metrics indicate a lack of momentum, with the 1-hour RSI at 46 and the 7-day RSI at 47, both indicating neutral conditions. Over the past 30 days, Litecoin has seen a notable decline of nearly 19%, reinforcing the bearish outlook as price action continues to struggle against resistance levels.

With Litecoin’s all-time high at $410.26, the current price represents a substantial discount from historical peaks, but the downward momentum and recent negative price changes of 5.97% over the last week and 22.24% over 14 days indicate a bearish trend that investors should consider. The lack of buying pressure is evident as the RSI readings hover around the neutral zone, indicating potential selling pressure may continue.

In conclusion, given the bearish short to medium-term indicators, such as declining moving averages and negative price momentum, the recommendation for Litecoin (LTC) is to Hold. Investors should monitor for signs of reversal or increased buying volume before considering a bullish position, as current market conditions do not support aggressive buying at this time.