Litecoin (LTC) is currently priced at $83.45, reflecting a 24-hour decline of 3.10%. The daily trading range has been relatively tight, with a high of $86.16 and a low of $82.51, indicating a volatility of 3.65% within the period.

Volume stands at approximately $531.6 million, with a volume-to-market cap ratio of 8.32%, suggesting moderate trading activity in relation to market capitalization. The hourly moving averages indicate a bearish trend, as the short-term SMAs are consistently below the current price, with the 8 SMA at $83.80 and the 13 SMA at $83.93, both showing negative changes.

The 1-hour RSI is at 34, signaling that LTC is nearing oversold conditions, which may lead to a potential short-term rebound. However, the 7-day RSI is at 49, indicating that the asset is currently in a neutral state, providing no clear momentum direction.

Over the past week, LTC has seen a price decline of approximately 2.02%, while the 14-day and 30-day price changes are even more negative at -4.04% and -0.96%, respectively. The overall trend shows a consistent downward movement, raising concerns about the strength of current support levels.

Given the proximity to the lower end of its recent trading range and bearish indicators from the moving averages, the outlook remains cautious. However, the current RSI levels suggest that LTC may be approaching an oversold condition, which could lead to a short-term price recovery.

In conclusion, the recommendation for Litecoin (LTC) is to Hold. While the current bearish trend raises concerns, the oversold conditions may provide an opportunity for a bounce; thus, maintaining positions could be advantageous for traders looking for a short-term rebound.