Litecoin holds near $52 as Binance delisting fails to dent rally

Litecoin traded near $52 on Aug 25, holding gains from a $44-$45 breakout even after Binance removed the LTC/BNB spot pair.

Binance said it regularly reviews trading pairs for liquidity and trading activity before deciding which to keep, according to the exchange's announcement.

Litecoin's open interest stood near $197 million with an average funding rate of 0.0101 percent, Coinglass data shows, indicating traders still hold leveraged long positions. The relative strength index read 73, putting LTC in overbought territory.

A liquidity cluster sits near $55, just above the token's press-time price, with smaller pockets near $49-$50 and $44. With leverage and liquidity stacked on both sides, Litecoin's next move could be volatile.

Binance delists LTC/BNB

Binance removed the LTC/BNB spot pair on Aug 21 at 03:00 UTC as part of a review of trading pairs. The exchange also delisted SUI/BNB along with five other pairs: F/USDC, HIVE/USDC, ILV/USDC, NMR/USDC and STEEM/USDC.

For Litecoin holders, the key point is that LTC itself remains on Binance Spot. Other Litecoin trading pairs continue to be available, and users can still buy and sell LTC through supported markets.

Derivatives stay active as traders eye $55

The positive directional pace was comfortably ahead of the negative, with trend strength firm, suggesting volatility is likely to stay elevated. Bitcoin dominance near 59 percent and the broader altcoin complex's resilience have supported LTC's bid.

A break above the $55 liquidity cluster could extend the rally, while a rejection risks a pullback toward the $49-$50 support pocket.

The delisting removes one trading venue for LTC against BNB, but the token's resilient price action and elevated derivatives activity suggest traders are treating the event as a liquidity adjustment rather than a fundamental setback. The outcome hinges on whether LTC can clear the $55 cluster, with the overbought RSI reading leaving room for a sharp move in either direction.

This article is for informational purposes only and does not constitute investment advice.