Litecoin (LTC) is currently trading at $87.27, reflecting a 3.13% increase over the last 24 hours. The price has shown resilience, with a daily range of 3.39% between a high of $88.01 and a low of $84.62, indicating stable market conditions.

The volume over the past 24 hours is approximately $390 million, equating to a volume-to-market cap ratio of 5.89%, which suggests active trading. The moving averages indicate a bullish sentiment, especially with the 55 SMA showing a 3.38% increase and the 144 SMA indicating a longer-term upward trend of 6.59%.

In terms of momentum indicators, the 1-hour RSI is at 56, suggesting that LTC is nearing overbought territory but not yet in it. The 7-day RSI at 60 supports this momentum, while the recent price changes show a strong performance over the past week and two weeks, with increases of 14.50% and 14.63% respectively.

However, the 30-day price change indicates a decline of 7.46%, suggesting that while LTC has regained some recent strength, it is still below its previous levels. The all-time high of $410.26 from May 2021 highlights significant potential for growth, but the market remains volatile and sensitive to broader crypto market trends.

Considering the current price action, volume, and momentum indicators, the outlook for LTC is cautiously optimistic. Therefore, I assign a Buy rating due to its positive short-term momentum and the potential for further gains if it can maintain its current support levels above $85.