No... thats not bad... but its not great either.
Here's a basic definition of Long Term Cache Hits...
The cumulative percentage of requests for disk blocks that were already in cache for the traditional file system. (When the requested data is already in memory, disk reads don't need to be made.)
Use this percentage to assess overall disk cache utilization if you are using the traditional file system. If this value falls below 90%, the disk thrashes and server performance degrades. The solution is to install more physical memory (RAM).
How much RAM do you have in this Server? You may want to think about adding more.
Good Luck!