BOSS Wallet data source, Litecoin (LTC) today's market news, latest price of LTC: $115.65, 24-hour increase of 4.199%, trading volume $450 million

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Slightly up compared to 19:00, slightly down compared to 20:00, and has rebounded since 14:00. The price is rising but trading volume is decreasing, which usually indicates weakening upward momentum in the market and a decrease in the number of buyers.
This phenomenon of divergence between volume and price may be caused by a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume makes it difficult for the price to sustain its rise. Investors should be cautious of the risk of a high-level retreat and pay attention to whether trading volume can keep up with the price increase, as well as whether there are new buyers entering the market.
Decreased trading volume with rising prices. The Williams indicator shows that it is currently overbought. Recent trading volume has decreased, with volume down compared to a few hours ago, while prices are rising and volume is declining: upward momentum is weakening.
Upward momentum is weakening, it is recommended to observe, pay attention to the coordination of volume and price, and new buying, while being cautious of the risk of high-level retreat.

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