BOSS Wallet data source, Litecoin real-time price quotes, LTC Litecoin's latest price today is $86.53, an increase of 3.02%, and the transaction volume is $1.305 billion
From the analysis of the K-line chart, we know that the current trend is oscillating. It has risen significantly compared to 09:00, rebounded compared to 04:00, and broke through the high point of 10:00. When the price rises but the trading volume decreases, it usually means that the upward momentum of the market is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually caused by a lack of selling. In this context, prices may experience a correction or sideways movement in the future, as the price increase is difficult to sustain due to the lack of trading volume support. Investors should be wary of the risk of price decline at high levels and pay attention to whether trading volume can keep up with the price increase and whether there is new buying intervention.
Volume decreases, price increases. Williams indicator shows that the current market is overbought. Volume has decreased recently, and the volume is less than in the previous hours. Price increases, and volume decreases: the upward momentum is weakening.
The upward momentum has weakened and the market is overbought. It is recommended to remain on the sidelines and pay attention to changes in trading volume.
The above content is for reference only and does not constitute investment advice.