BOSS Wallet data source, latest price news for Litecoin, LTC Litecoin real-time price rises 3.51% to $108.04, trading volume $470 million

According to the analysis of the candlestick chart, it is currently in a consolidating trend. Compared to 17:00, it has significantly increased and has rebounded from 10:00, breaking through the high point of 18:00. The price is rising but trading volume is declining, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This phenomenon of divergence between volume and price may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of volume support, it may be difficult for the price increase to sustain, and investors should be wary of the risk of a price pullback at high levels.
It is recommended to pay attention to whether trading volume can keep up with the price increase and whether new buying interest comes in. Decreasing trading volume with rising prices indicates that the upward momentum is weakening. According to the Williams indicator, it is currently considered overbought. Recently, trading volume has decreased, with volume lower than in the previous few hours, and prices rising while volume declines: upward momentum is weakening.

The upward momentum is weakening, and there is a risk of a pullback. It is recommended to observe and pay attention to changes in trading volume and new buying interest.

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