BOSS Wallet data source, Litecoin (LTC) current market news, latest price of LTC: $113.6, 24-hour increase of 10.85%, trading volume $1.338 billion

The candlestick chart shows that it is currently an upward trend. Compared to 18:00, there has been a significant increase; compared to 12:00, there has been a recovery; compared to 15:00, there has been a decline. The price is rising, but trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, which is considered 'upward movement without volume.' In this case, there may be a future price correction or consolidation. Due to the lack of support from trading volume, the price increase may be difficult to sustain, and caution should be exercised regarding the risk of price pullback at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there are new buyers entering. The market trend is upward, trading volume is decreasing, and the price is rising. The Williams indicator suggests that it is currently an overbought period. Recently, trading volume has decreased, the volume is lower than in previous hours, and the price is rising while volume is declining: upward momentum is weakening.

With the weakening of upward momentum, it is advisable to reduce positions in a timely manner, pay attention to changes in trading volume, and guard against the risk of price pullback.

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