Litecoin (LTC) is currently trading at $76.10, reflecting a 5.90% decrease over the last 24 hours. The daily range has been between $75.86 and $81.06, indicating volatility within a 5.2% span, suggesting market indecision.

Volume stands at approximately $560 million, equating to 9.59% of the market cap, which points to healthy trading activity despite the recent price drop. The hourly moving averages indicate a bearish trend, with all key SMAs (8, 13, 21, 55, and 144) showing declines between 3.41% and 6.45%, reinforcing the downward pressure on price.

The 1-hour RSI is currently at 26, signaling oversold conditions, which may prompt a short-term bounce. Conversely, the 7-day RSI at 40 indicates that momentum is still weak, with a recent 7-day price change of -7.20%, suggesting continued selling pressure.

From a longer-term perspective, LTC has seen a 14-day price change of -1.93% and a 30-day decline of -6.70%, reflecting a sustained bearish trend over the past month. Notably, the current price is significantly below its all-time high of $410.26, indicating a substantial depreciation in value since May 2021.

Considering the combination of technical indicators and price momentum, the outlook for Litecoin is currently bearish. Given the oversold conditions indicated by the RSI, a short-term bounce could be possible, but the overall trend remains negative.

Recommendation: Hold. The immediate volatility suggests caution, and while a brief recovery may occur, the underlying bearish momentum should be monitored closely before considering a buy.