Litecoin (LTC) is currently priced at $78.80, reflecting a significant 24-hour decline of 6.63%. The daily trading range has been volatile, with a high of $84.75 and a low of $78.11, indicating market uncertainty and potential bearish sentiment.

Volume has reached 510,234,667, with a volume-to-market cap ratio of 8.46%, suggesting active trading but lacking strong conviction from buyers. The short-term moving averages (8, 13, and 21 SMA) are all trending downwards, indicating continued selling pressure, while the longer-term 144 SMA also reflects a bearish bias at $85.09.

The 1-hour RSI stands at a critical 17, indicating an oversold condition, while the 7-day RSI at 43 suggests that LTC is nearing the neutral territory but still within a weak trend. The negative price changes over 7 days (-5.16%), 14 days (-18.38%), and 30 days (-17.45%) highlight a consistent downward trajectory in LTC's performance.

Given the technical indicators, including the bearish moving averages and the oversold RSI, it is unlikely that a recovery is imminent. Additionally, the price remains significantly below its all-time high of $410.26, indicating a long-term downtrend.

Based on the current analysis, a Sell rating is warranted due to the persistent downtrend, bearish indicators, and lack of buying momentum. Traders should consider exiting positions to avoid further losses in this declining market.