Litecoin rallies as MWEB holdings hit 519,000 LTC
Litecoin (LTC)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Litecoin extended its September rally on Sunday, climbing sharply while Bitcoin remained flat. The price action coincides with a milestone in Mimblewimble Extension Block (MWEB) adoption, where approximately 519,000 LTC is now held in privacy addresses. This figure represents a significant acceleration from the 100,000 LTC range seen in much of 2024 and recent months around the 300,000 to 400,000 level.
MWEB allows users to obscure transaction amounts while maintaining network validation, a feature that has seen growing usage despite a March vulnerability that created an inflated peg-out of 85,034 LTC. That security issue was resolved with the actor’s cooperation, and subsequent Core releases added validation protections. Alongside this privacy narrative, attention is growing around LitVM, a zero-knowledge rollup designed to bring EVM-compatible smart contracts to Litecoin.
LitVM combines Arbitrum Orbit with BitcoinOS’s Grail technology to enable trustless LTC bridging and Ethereum-style contract deployment. Development is currently active on the LiteForge testnet, which has processed over 250 million transactions ahead of a mainnet launch. The report notes that while LitVM offers future utility, it is not yet a launched product responsible for the current price move.
At the time of writing, LTC traded at $56.596 after an intraday high of $59.422, showing a long upper wick that indicated seller presence near $60. The 4-hour chart shows price above all four averages, with the 20-period SMA separated from slower averages, favoring buyers despite the rejection. The RSI stood at 71.13, indicating overbought conditions but with room for consolidation or another attempt at resistance.
How the market reacted
Whalio's own Binance spot order flow for LTC, measured when this story was written up on 8 September 2026. Not the outlet's figures.
Whalio’s Binance spot data shows LTC trading at $55.21, with a 1-hour buy ratio of 45.4% compared to a 51.7% ratio over the last 4 hours. This drop in short-term buying pressure suggests that immediate momentum is fading relative to the broader 4-hour trend. The 1-hour volume delta is negative at -$64,073, indicating net selling in the short term, while the 4-hour delta remains positive at +$104,058. Over the last 24 hours, the buy ratio is 52.9% with a positive volume delta of +$2,301,849, showing that net buying has dominated the day. A positive volume delta means that buy volume exceeded sell volume during that period, while a buy ratio above 50% indicates more trades were initiated by buyers. Spot volume for the day reached $38,471,632 across 418,208 trades, with net buying occurring in 17 of the last 24 hours.
The latest daily buy ratio of 56.7% sits at the 99th percentile of the last 324 days, against a median of 49.4% - among the strongest 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.
Compared to the preceding week, the 24-hour buy ratio of 52.9% is 2.3 percentage points higher than the 7-day average of 50.6%. This indicates that today’s buying activity is slightly more intense than the weekly norm. Spot volume of $38,471,632 is 2.01 times the weekly average volume, marking an unusually high level of trading activity. Over the eight-day period, the price has increased by 13.7%, with a total volume delta of +$5,050,616. While the 24-hour buying pressure is elevated compared to the weekly average, the short-term 1-hour buy ratio of 45.4% shows a temporary pullback from the broader weekly trend.