Litecoin (LTC) is currently trading at $86.76, reflecting a 1.61% increase over the last 24 hours. The price has fluctuated between $83.54 and $87.49 during this period, indicating a daily range of approximately 3.95%, with a strong volume of $615.93 million representing 9.28% of its market cap.

The moving averages indicate a bullish trend, with the 8 SMA at $86.04 showing a 0.84% gain, while longer-term SMAs also reflect positive momentum, particularly the 144 SMA at $84.09, which shows a 3.18% increase. The 1-hour RSI at 65 suggests that LTC is nearing overbought territory, while the 7-day RSI at 50 indicates a neutral trend over the week.

From a performance standpoint, LTC has seen a decline of approximately 6.25% over the past week, and a more significant drop of about 11.05% over the last 14 days. The 30-day performance also shows a downturn of around 12.83%, indicating that while there is short-term recovery, the medium-term trend remains negative.

Despite the recent uptick, LTC is still significantly below its all-time high of $410.26 reached in May 2021. The current price levels may suggest a potential for short-term trading opportunities, but the overall bearish trends over longer periods cannot be overlooked.

Given the recent price action and the mixed signals from technical indicators, a cautious approach is warranted. Therefore, I recommend a Hold rating on Litecoin (LTC), allowing for potential upside while observing the broader market trends and waiting for a clearer confirmation of sustained recovery.