BOSS Wallet data source, latest price news for Litecoin LTC, LTC Litecoin real-time price rises 3.03% to $100.37, trading volume $591 million

Based on candlestick chart analysis, the current trend is a fluctuation. Compared to 12:00, there has been a significant increase, a recovery from 07:00, breaking through the high point of 13:00. When the price rises while the trading volume decreases, it usually indicates a weakening of market upward momentum and a decrease in the number of buyers.
This volume-price divergence phenomenon is usually due to a lack of selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of trading volume support, price increases are hard to sustain, and one should be cautious of the risk of a high-level pullback. Investors should pay attention to whether the trading volume can match the price increase and whether new buying pressure enters the market.
Market activity is low, and momentum is weakening. The Williams indicator shows that the current market state is overbought. Recently, trading volume has decreased, with volume dropping compared to previous hours, while prices have risen, indicating weakened upward momentum.
Market momentum is weakening, suggesting a cautious wait-and-see approach, focusing on the coordination of volume and price along with new buying pressure, and being wary of pullback risks.

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