BOSS Wallet data source, Litecoin LTC today's market news, LTC Litecoin latest price: $100.83, 24-hour increase 3.24%, trading volume $626 million

From the analysis of the candlestick chart, it is currently in a volatile trend. Compared to 12:00, it has risen significantly, rebounding from 07:00, and breaking through the high point at 13:00. When the price rises while trading volume declines, it usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it is difficult for prices to sustain their rise, and one should be cautious of the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price rises and whether new buying pressure is entering the market.
Trading volume decreases while price rises. The Williams indicator shows that it is currently in an overbought state. Recently, trading volume has decreased, with volume dropping compared to the previous few hours while the price rises, indicating weakening upward momentum.
Weakened upward momentum, it is recommended to observe, be cautious of high-level pullback risks, and pay attention to changes in trading volume.

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