Litecoin has recently caused a bit of a stir. The 30-minute candlestick chart shows a direct explosion in trading volume, surging by 111.5%. Such a sudden increase in trading volume is often not a joke.
Currently, the price is hovering around 77.08 USDT, with the key support level just holding at 76.71, less than 1 hour away from the candlestick baseline, only 0.35%. Looking further down, the entire support zone extends from 75.18 to 76.71, making this area quite solid.
What does abnormal volume expansion usually indicate? It often signals that the market is about to start moving. Litecoin is now approaching support, and this level is worth paying attention to. If you have ideas, you can consider positioning long near 76.71. With such volume performance, the subsequent trend should show some movement. Just keep a close eye on the follow-up developments.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
7
Repost
Share
Comment
0/400
PretendingToReadDocs
· 1h ago
Trading volume exploded by 111.5%? This can't be retail investors, right? Feels like they're about to pump the market.
View OriginalReply0
Aspero777
· 23h ago
ZEC is growing, LTC is not, what the hell? How much longer will this lawlessness continue?
View OriginalReply0
GasFeeCrybaby
· 12-27 03:51
I've seen the trick of explosive trading volume many times; 99% of the time, it's a signal to cut the leeks. Be cautious, everyone.
View OriginalReply0
MaticHoleFiller
· 12-27 03:50
With such explosive trading volume, 76.71 must be firmly held, or it will be embarrassing.
View OriginalReply0
MEVHunterNoLoss
· 12-27 03:47
Is the trading volume of 111.5% really that explosive? I need to check if my eyes are playing tricks on me. Lite is really coming for real.
View OriginalReply0
MidnightSnapHunter
· 12-27 03:38
The trading volume explosion is really intense, which is quite interesting, but it feels a bit too much like a typical pump-and-dump scheme.
Who says that a 111.5% increase in volume must be a good thing... Last time LTC did something similar, I got caught in the shockwave and got swept in, and I'm still dodging flying knives.
Is the 76.71 support really solid? I feel like this price level is a trap...
Is there still anyone trading Litecoin? What are people playing with now?
View OriginalReply0
DaisyUnicorn
· 12-27 03:35
The explosion in trading volume... Cough, I've been cut again. This little flower LTC looks like it's about to bloom, but I bought in at 76.71 and got trapped. The 111.5% increase sounds so real, but the question is, who can precisely catch the bottom?
Litecoin has recently caused a bit of a stir. The 30-minute candlestick chart shows a direct explosion in trading volume, surging by 111.5%. Such a sudden increase in trading volume is often not a joke.
Currently, the price is hovering around 77.08 USDT, with the key support level just holding at 76.71, less than 1 hour away from the candlestick baseline, only 0.35%. Looking further down, the entire support zone extends from 75.18 to 76.71, making this area quite solid.
What does abnormal volume expansion usually indicate? It often signals that the market is about to start moving. Litecoin is now approaching support, and this level is worth paying attention to. If you have ideas, you can consider positioning long near 76.71. With such volume performance, the subsequent trend should show some movement. Just keep a close eye on the follow-up developments.