BOSS Wallet data source, Litecoin LTC today's price trend, LTC Litecoin latest price breaks to $104.25, an increase of 3.56%, trading volume $708 million

Through the analysis of the candlestick chart, it is currently in a volatile trend. Compared to 12:00, there has been a significant increase, and a recovery from 05:00, breaking the high point of 09:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
The price increase may be due to a lack of selling pressure, considered to be 'volume-less rise'. In this case, the future price may experience a pullback or sideways consolidation. Due to the lack of trading volume support, the price increase may be difficult to sustain, and one should be cautious of the risk of a price drop at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest. Decreasing trading volume and rising prices. The Williams indicator indicates that it is currently an overbought period. Recently, trading volume has decreased, with volume lower than in previous hours, and prices rising while volume is falling: upward momentum is weakening.

Weakening upward momentum, it is recommended to remain on the sidelines 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.