Litecoin (LTC) is currently priced at $82.83, reflecting a minor decline of 0.95% over the past 24 hours. The daily trading range has been relatively tight, with a high of $84.33 and a low of $82.55, indicating a subdued market environment.

The trading volume stands at approximately $483 million, equating to 7.62% of the market cap, which suggests moderate interest from traders. The short-term moving averages are trending down, with the 8 SMA at $83.73, the 13 SMA at $83.67, and the 21 SMA at $83.64, all indicating bearish sentiment.

Momentum indicators such as the 1-hour RSI at 46 and the 7-day RSI at 47 reflect a neutral to slightly bearish outlook, suggesting a lack of strong buying pressure. In terms of price performance, LTC has seen a 6.86% increase over the last week, but a more concerning 17.30% decline over the past month, highlighting volatility and potential weakness.

Comparing these metrics to historical data, LTC's all-time high of $410.26 achieved in May 2021 emphasizes the significant drawdown from current levels. Given the current bearish signals in moving averages and RSI, alongside recent price trends, the market sentiment appears cautious.

In conclusion, the current technical indicators and recent price actions suggest a bearish outlook for Litecoin in the short term. Therefore, the rating is a Sell, as the likelihood of further price declines seems more pronounced than recovery at this juncture.