BOSS Wallet data source, Litecoin (LTC) market news today, latest price of LTC: $103.39, up 5.86% in 24 hours, trading volume $793 million

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 19:00, it has risen significantly, but decreased compared to 15:00. When the price rises and the trading volume decreases, it usually indicates that the upward momentum in the market 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 the price to sustain its rise, and one should be cautious of the risk of a pullback at high levels. Investors should pay attention to whether trading volume can support the price increase and whether new buying interest enters the market.
In a consolidation trend, trading volume decreases while the price rises. The Williams indicator indicates that it is currently in an overbought state. Recently, trading volume has decreased, with volume less than in the previous few hours, while prices rise and volume declines: upward momentum is weakening.

Upward momentum is weakening, be cautious of a pullback at high levels, it is recommended to maintain a wait-and-see approach, paying attention to changes in trading volume and the situation of new buying interest.

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