BOSS Wallet data source, Litecoin LTC real-time price trend, the latest price of LTC today reached $77.95, with an increase of 3.01%, and a trading volume of $366 million.
Based on the analysis of the K-line chart, the current trend is oscillating. Compared to 08:00, there is a significant increase, a recovery compared to 07:00, and a decline compared to 05:00. When the price rises while trading volume decreases, it usually indicates a weakening upward momentum in the market and a reduction in the number of buyers.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of support from trading volume, the price increase is difficult to sustain, and one should be wary of the risk of a pullback from high levels. Investors should pay attention to whether the trading volume can accompany the price increase and whether new buying pressure enters the market.
Market enthusiasm is low, and trading volume is decreasing. According to the Williams indicator, the current situation is overbought. Recently, trading volume has decreased, with volume reducing compared to the last few hours, while prices are rising and volume is falling: upward momentum is weakening.
Market upward momentum is weakening, and a pullback or sideways consolidation may occur; it is recommended to operate with caution and pay attention to changes in trading volume.
The above content is for reference only and does not constitute investment advice.