BOSS Wallet data source, real-time price of Litecoin LTC, the latest price of LTC today reached $120.86, with an increase of up to 3.17%, trading volume $1.784 billion

According to the K-line chart, it is currently in an upward trend. Slightly up compared to 20:00, slightly down compared to 21:00, rebounding compared to 13:00, and declining compared to 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.
This phenomenon of divergence between price and volume may be caused by a lack of sell orders. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to sustain. Investors should be wary of the risk of a high-level pullback and pay attention to whether trading volume can keep up with price increases and whether new buying orders appear.
Recently, trading volume has decreased, and the upward price momentum has weakened. According to the Williams indicator, the current market state is overbought. Recently, trading volume has decreased, with trading volume lower than in previous hours, price rising, and trading volume falling: upward momentum is weakening.

Upward momentum is weakening, price and volume divergence, it is recommended to reduce positions or wait and see, and pay attention to the risk of pullbacks.

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