BOSS Wallet data source, Litecoin latest price news, LTC Litecoin real-time price increased by 4.11% to $116.3, trading volume $1.349 billion

From the analysis of the candlestick chart, it can be seen that we are currently in an upward trend. Compared to 18:00, there has been a significant increase, a recovery compared to 12:00, and a decline compared to 15:00. When the price rises while 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 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, price increases are difficult to sustain, and there is a risk of a high-level pullback. Investors should pay attention to whether the trading volume can accompany the price rise, and whether there is new buying interest entering the market.
Recently, trading volume has decreased, and the upward momentum of the price has weakened. According to the Williams indicator, the current state is overbought. Recently, trading volume has decreased, with volume down compared to a few hours ago, and price up with volume down: upward momentum is weakening.

Market upward momentum is weakening; it is advisable to reduce positions or stay on the sidelines, pay attention to pullback risks, and monitor changes in trading volume.

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