BOSS Wallet data source, Litecoin LTC today's market news, LTC Litecoin latest price: $65.94, up 2.23% in 24 hours, transaction volume $216 million
Through the analysis of the K-line chart, the current trend is oscillating. Compared with 15:00, it has risen significantly, and it has rebounded compared with 13:00, breaking through the high point of 09:00. The price rises but the trading volume decreases, which usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to insufficient selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there is new buying intervention. The market is not hot and the trading volume is decreasing. According to the Williams indicator, it is now overbought. The trading volume has decreased recently, and the trading volume is less than the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakened.

The upward momentum has weakened and the market may pull back or go sideways. We recommend that you operate with caution and pay attention to trading volume and new buying.
The above content is for reference only and does not constitute investment advice.