Litecoin (LTC) is currently priced at $85.43, reflecting a 1.42% increase over the last 24 hours. The daily range has been relatively stable, fluctuating between a high of $87.38 and a low of $82.55, indicating moderate volatility with a daily change of 4.83%.

The trading volume stands at approximately $585 million, accounting for 8.92% of the market cap, which suggests a healthy level of trading activity. Technical indicators reveal a bullish short-term trend with the 8 SMA at $84.40 showing a positive change of 1.22%, while longer-term SMAs indicate potential resistance around $83.15 and $82.93.

The 1-hour RSI is positioned at 61, indicating a slight bullish momentum, while the 7-day RSI is at 49, suggesting that LTC is nearing neutral territory. Over the past week, LTC has gained about 3.59%, although it has declined by 0.48% over the past two weeks and significantly by 21.84% over the last month, reflecting a bearish trend in the longer time frame.

Despite its current price being significantly lower than its all-time high of $410.26 reached in May 2021, LTC's recent performance shows resilience. If the price breaks above the key resistance levels near $87.38, it could signal a potential bullish reversal.

Considering the current technical indicators and price action, I recommend a Buy rating for LTC. The short-term bullish momentum coupled with increasing trading volume suggests an opportunity for gains if the upward trend continues, particularly if it can sustain above the critical resistance levels.