BOSS Wallet data source, Litecoin current price trend, LTC Litecoin latest price has broken through to $127.78, an increase of 3.73%, trading volume $3.736 billion

From the analysis of the K-line chart, it can be seen that it is currently in a consolidation trend. Compared to 12:00, there was a slight increase; compared to 13:00, there was a slight decrease; and there was a recovery compared to 10:00. When the price rises while trading volume decreases, it usually indicates a weakening of market upward momentum and a reduction in the number of buyers.
This divergence phenomenon 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, it is difficult for the price to sustain an increase, and one should be cautious of the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price increases, as well as whether new buying interest enters the market.
Trading volume decreases while prices rise. The Williams indicator indicates that it is currently a period without overbought or oversold conditions. Recently, trading volume has decreased, with volume down from previous hours, and prices rising while trading volume declines: upward momentum is weakening.

Upward momentum is weakening, it is recommended to remain on the sidelines and pay attention to the coordination of volume and price as well as new buying conditions.

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