BOSS Wallet data source, the latest price news of Litecoin, LTC Litecoin real-time price rose 3.01% to $104.1, and the transaction volume was $1.002 billion

According to the candlestick chart, the current trend is oscillating. It has risen significantly compared to 07:00, rebounded compared to 03:00, and broke through the high point of 00:00. The price rises but the trading volume decreases, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be caused by a lack of selling. In this case, prices may fall back or go sideways in the future, because the lack of trading volume support makes it difficult for price increases to continue. Investors need to be alert to the risk of a pullback from highs, and pay attention to whether trading volume can keep up with price increases and whether there is new buying intervention.
In a shock trend, the trading volume decreases and the price rises. According to the Williams indicator, the current market is not overbought or oversold. The trading volume has decreased recently, and the trading volume is less than the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakened.

The market's upward momentum has weakened. It is recommended to remain on the sidelines and pay attention to changes in trading volume and new buying.

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