Litecoin (LTC) is currently priced at $85.27, experiencing a 24-hour decline of 1.31%. The daily trading range has been relatively narrow at 2.87%, with a 24-hour high of $87.67 and a low of $84.80, indicating limited volatility in the market.

The trading volume stands at approximately $491 million, resulting in a volume-to-market cap ratio of 7.51%. This suggests a moderate level of trading activity, which may not be sufficient to stimulate significant price movement in the near term.

Moving averages indicate a bearish trend, with the 8 SMA at $87.14 showing a decline of 2.14%, and the 13 SMA at $86.94 declining by 1.92%. The 55 SMA at $85.97 also reflects a slight downward trend of 0.82%, while the 144 SMA at $84.51 is the only average showing a positive change of 0.89%, indicating potential support around this level.

The 1-hour RSI is currently at 34, suggesting that LTC is approaching oversold conditions, while the 7-day RSI at 52 indicates a neutral trend. The price has decreased by approximately 1.95% over the past week and has significantly dropped by 11.45% over the past 14 days, reflecting a bearish sentiment.

Litecoin's current price is far from its all-time high of $410.26, reached in May 2021, highlighting the long-term downtrend since then. Given the combination of bearish moving averages, declining RSI metrics, and recent price performance, the outlook for LTC remains negative.

Overall, the current technical indicators and market sentiment suggest a cautious approach. Therefore, the recommendation for Litecoin (LTC) is to Hold, as there may be potential for short-term recovery, but the prevailing downtrend warrants a wait-and-see strategy before making any bullish moves.