BOSS Wallet data source, Litecoin market news today, LTC Litecoin latest price: $111.71, 24-hour increase of 9.01%, trading volume $1.22 billion

According to the analysis of the candlestick chart, there is currently an upward trend. Compared to 18:00, there has been a significant increase, a recovery from 12:00, and a decrease from 15:00. Price is rising but trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, considered a 'no-volume increase.' In this case, future prices may experience a correction or consolidation. Due to the lack of trading volume support, price increases may be difficult to sustain, and one should be cautious of the risk of price retreating from high levels.
Investors should pay attention to whether trading volume can keep up with price increases and whether there is new buying interest. The market trend is upward, trading volume is decreasing, and prices are rising. The Williams indicator shows that the current market is in an overbought condition. Recently, trading volume has decreased, trading volume has dropped compared to the previous few hours, and prices are rising while trading volume is declining: upward momentum is weakening.

Market upward momentum is weakening, it is advisable to reduce positions in a timely manner to prevent risks.

The above content is for reference only and does not constitute investment advice.