BOSS Wallet data source, latest price information for Litecoin (LTC), LTC real-time price increased by 3.50% to $111.72, trading volume $552 million

After analyzing the candlestick chart, it is found that the market is currently in a consolidation trend. Compared to the significant drop at 16:00, there has been a recovery since 09:00, but a decline since 12:00. When the price rises while the trading volume decreases, it typically indicates weakening upward momentum in the market and a reduction in the number of buyers.
This phenomenon of divergence between price and volume is usually due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of volume support, it is difficult for prices to sustain their rise, and there is a risk of a pullback from high levels. Investors should pay attention to whether the trading volume can align with price increases and whether new buying pressure enters the market.
In a consolidation trend, trading volume decreases while prices rise. Using the Williams indicator, it is currently overbought. Recently, trading volume has decreased, with volume down from previous hours while prices have risen, indicating weakened upward momentum.

With weakened upward momentum and divergence between price and volume, it is recommended to maintain a wait-and-see approach, focusing on changes in trading volume and new buying pressure.

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