Litecoin (LTC) is currently trading at $121.44, showing a 24-hour price change of 2.46%. The price has fluctuated between a 24-hour high of $122.02 and a low of $117.68, indicating a daily range of 4.34%, which is moderate for the asset.

Volume for the past 24 hours stands at approximately $1.07 billion, with a volume-to-market cap ratio of 11.52%. This suggests a healthy trading activity, which can contribute to liquidity and potential volatility in the near term.

Technical indicators reveal that the 1-hour RSI is at 59, indicating a neutral to slightly bullish momentum. Meanwhile, the 7-day RSI of 57 supports this sentiment, suggesting that LTC is not overbought, providing room for further upward movement.

Moving averages also favor a bullish outlook, with the shorter-term 8 SMA at $119.83 reflecting a positive change of 1.34%. Longer-term moving averages, such as the 144 SMA at $113.97 with a significant increase of 6.55%, suggest a strong underlying trend.

Over the past 30 days, Litecoin has gained 40.23%, which demonstrates strong momentum compared to its 7-day and 14-day price changes of 10.42% and 8.33%, respectively. This consistent upward trajectory strengthens the bullish case for LTC, especially as it remains well below its all-time high of $410.26.

Given the current price action, volume, and technical indicators, a Buy rating is warranted for Litecoin. The asset shows strong momentum and potential for further gains, supported by healthy trading volume and favorable moving averages.