BOSS Wallet data source, real-time price of Litecoin, LTC Litecoin's latest price today is $107.94, with an increase of 3.54%, trading volume of $546 million.
According to the analysis of the candlestick chart, the current trend is volatile. Compared to 09:00, there has been a significant increase; a recovery compared to 07:00; and a decline compared to 02:00. When prices rise while trading volume declines, it usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, price increases are difficult to sustain, and the risk of a high-level pullback should be noted. Investors should pay attention to whether trading volume can accompany price increases and whether new buyers are entering the market.
Overbought status, decreasing trading volume, rising prices. According to the Williams indicator, it is currently in an overbought state. Recent trading volume has decreased, with trading volume lower than in previous hours, and prices rising while trading volume declines: upward momentum is weakening.
Market upward momentum is weakening; it is recommended to remain cautious and pay attention to changes in trading volume and new buying conditions.
The above content is for reference only and does not constitute investment advice.