Litecoin (LTC) is currently trading at $86.35, showing a slight 24-hour increase of 1.18%. The daily trading range has been relatively tight at 3.95%, with the price hitting a high of $87.49 and a low of $83.54, indicating stable short-term price action.

Volume stands at $618.38 million, representing 9.35% of Litecoin's market cap, suggesting healthy trading activity. The hourly moving averages reflect a mix of short-term bearish signals, with the 8 SMA at $86.70 down by 0.40% and the 13 SMA at $86.47 down by 0.13%, while longer-term averages show some bullish trends, particularly the 55 SMA at $85.26, which has increased by 1.28%.

The 1-hour Relative Strength Index (RSI) is at 74, indicating that Litecoin may be overbought in the short term. In contrast, the 7-day RSI is at 52, suggesting that over a longer timeframe, the asset is trading within a neutral zone, while the 7-day price change indicates a decline of approximately 7.19%.

Fundamentally, Litecoin's performance has been under pressure, with significant price drops of 14.51% over the past 14 days and 15.83% over the past 30 days. The asset's all-time high of $410.26, reached in May 2021, provides context for its current price, emphasizing the significant retracement that has occurred since that peak.

Given the mix of bearish signals from short-term moving averages and the overbought condition indicated by the 1-hour RSI, a cautious approach is warranted. However, the stability in the 7-day RSI and the recent positive price action suggest a potential for recovery.

In conclusion, the recommendation for Litecoin is to Hold. While the short-term indicators suggest some potential downside, the stabilization in longer-term metrics and recent price movements provide an opportunity for investors to reassess their positions without rushing to sell.