BOSS Wallet data source, the latest price news of Litecoin LTC, the real-time price of LTC Litecoin rose by 3.04% to $88.44, and the transaction volume was $1.305 billion
According to the analysis of the K-line chart, it is now in a volatile trend. It has risen significantly compared to 21:00, rebounded compared to 19:00, and broke through the high point of 16:00. The price rises but the trading volume decreases, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be caused by a lack of selling, which is considered a "volumeless increase". In this case, the price may fall back or go sideways in the future. Due to the lack of trading volume support, the price increase may be difficult to sustain, and we need to be alert to the risk of price decline at a high level.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there is new buying. In the shock trend, the trading volume decreases and the price rises. The Williams indicator shows that there is no overbought or oversold at present. 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 market's upward momentum has weakened. It is recommended to remain on the sidelines, pay attention to changes in trading volume, and be wary of the risk of price decline.
The above content is for reference only and does not constitute investment advice.