Litecoin (LTC) is currently trading at $83.74, reflecting a slight decline of 0.39% over the last 24 hours. The daily price range indicates a volatility of 3.11%, with a high of $86.56 and a low of $83.45 during this period, suggesting that the market is experiencing a consolidation phase.

Volume stands at approximately $576 million, contributing to a relatively healthy volume-to-market cap ratio of 8.98%. This indicates active trading, but the slight downtrend in price over the past week (-10.79%) and month (-15.55%) raises concerns about potential bearish sentiment among traders.

Technical indicators show that all hourly moving averages are trending downward, with the 8 SMA at $84.84 down by 1.29% and the 21 SMA at $85.15 down by 1.65%. The RSI readings further confirm bearish momentum, with a 1-hour RSI of 30 indicating oversold conditions, while the 7-day RSI at 48 suggests a neutral position, lacking strong buying or selling signals.

Fundamentally, LTC is significantly below its all-time high of $410.26, reflecting a considerable loss of market confidence since May 2021. The ongoing downward price pressures over various time frames indicate that LTC is facing challenges to maintain its current level, with historical trends suggesting further potential declines.

Given the current technical indicators and bearish trends across multiple time frames, the outlook for Litecoin is negative. The ongoing weakness in RSI and the failure to sustain price above key moving averages suggest further downside risk.

Therefore, the rating for Litecoin (LTC) is a Sell. The combination of declining prices, bearish momentum indicators, and lack of significant buying pressure points toward a potential for further losses in the near term.