Litecoin hits 15th anniversary as MWEB volume surges and price falls
Litecoin (LTC)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Litecoin is celebrating its 15th anniversary today, marking the date of its first block on October 7, 2011. Despite the milestone, the asset has dropped approximately 6 percent in the last 24 hours, trading between $65.83 and $66.24. The network is experiencing high activity with 156,026 transactions confirmed recently.
Additionally, the confidential MWEB pool has reached a record high of 563,000 LTC. This creates a contradiction where network metrics are strong while the price declines. The source attributes the price drop to broader market appetite for risk rather than issues with Litecoin itself.
The genesis block contains a specific timestamp and a quote about Steve Jobs from the NY Times. This entry verifiably dates the chain's start to no earlier than October 5, 2011. The report suggests holders should distinguish between network changes and general market conditions.
It highlights that the volume of confidential transactions is at an all-time high. The price stood at $58.81 in euros during the reporting period. The event marks a significant anniversary for the chain founded in 2011.
How the market reacted
Whalio's own Binance spot order flow for LTC, measured when this story was written up on 7 October 2026. Not the outlet's figures.
LTC is currently trading at $68.99 on Binance spot markets. Buy ratios are 42.1% over the last hour and 46.0% over four hours, both lower than the 47.3% seen over 24 hours. This indicates that buying pressure is fading in the short term compared to the daily average. Volume deltas are negative across all timeframes, with -$72,870 in the last hour and -$292,992 over four hours. The 24-hour volume delta is -$921,959, showing that sellers are dominating the flow. This negative delta means that sell volume has exceeded buy volume, pushing the price down. The Coin Volume Delta shows a net outflow of capital from the spot market. Only 9 out of 24 hours showed net buying activity. Total spot volume for the day was $17,437,925 with 134,870 trades.
The latest daily buy ratio of 44.9% sits at the 4th percentile of the last 323 days, against a median of 49.3% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for LTC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.4%, slightly higher than today's 24-hour reading of 47.3%. Today's volume was 0.61 times the weekly average, indicating significantly lower activity than usual. Net buying occurred on only 2 of the last 7 days, suggesting a bearish trend. The 8-day volume delta was -$8,032,996, reinforcing the selling pressure seen today. The price changed by +3.2% over the 8-day period despite the negative volume delta. This is an unusual day for the coin given the low volume relative to the weekly average.