Litecoin (LTC) is currently trading at $85.66, reflecting a significant 9.83% increase over the last 24 hours, which indicates a strong bullish momentum following the recent low of $77.99. The daily trading range of 7.74% highlights volatility and trading opportunities, while the volume of approximately $686.72 million suggests robust market interest.

In terms of technical indicators, the hourly moving averages show a positive trend, with the 8 SMA at $83.50 and an increase of 2.58%, indicating short-term upward movement. However, the 1-hour RSI stands at 75, suggesting that LTC is overbought in the very short term, potentially leading to a price correction.

From a broader perspective, the 7-day RSI is at 49, suggesting neutral market conditions and a lack of strong momentum in either direction. The price changes over the past 14 and 30 days, at -8.48% and -7.47% respectively, indicate a bearish trend in the medium term, suggesting that LTC has not yet recovered from its recent declines.

The all-time high for Litecoin was recorded at $410.26 in May 2021, indicating significant upside potential from the current price level. However, the ongoing resistance levels and historical performance should be factored in when considering future price movements.

Given the current bullish sentiment driven by recent price action, but tempered by overbought conditions and bearish medium-term trends, a cautious approach is warranted. The recommendation is to hold LTC at this point, observing for further price action and potential correction before making any aggressive trading decisions.