Litecoin rises 5% on Greywick partnership and technical strength
Litecoin (LTC)
Editor:
Eugene Serbin
tradersunion.com reports that Litecoin rose 4.81% following a confirmed partnership between the Litecoin Foundation and Greywick. The collaboration aims to develop a cLTC asset on the Canton Network for institutional trading, with a launch targeted by the end of 2026. This development has boosted optimism regarding ecosystem progress and interoperability with fiat onramps like Remittix.
Technically, LTC remains above its 20-day, 50-day, and 200-day moving averages at $61.95, $54.67, and $51.18 respectively. The price is approaching a near-term ceiling at $70.45 and a floor at $68.04, supported by a bullish MA-50 versus MA-200 alignment. Momentum indicators including MACD and ADX signal strong upside, while the RSI shows buying pressure.
Intraday bull/bear power is positive at 2.22, confirming buyer dominance despite an overbought label. The Awesome Oscillator remains neutral, offering no clear directional clarity. Analysts note a long-term chart pattern resembling previous major breakouts. This sustained momentum is attributed to increasing institutional engagement and market participation.
How the market reacted
Whalio's own Binance spot order flow for LTC, measured when this story was written up on 2 October 2026. Not the outlet's figures.
Whalio data shows LTC trading at $68.12 with a 1-hour buy ratio of 50.0% and a 4-hour ratio of 51.3%, both slightly higher than the 24-hour ratio of 51.1%. This indicates that buying pressure is building in the short term relative to the daily average. The 1-hour volume delta is positive at $1,299, while the 4-hour delta is significantly higher at $159,160, showing increasing aggressive buying. Over 24 hours, the volume delta stands at $568,131, with a cumulative CVD of $1,068,150. Net buying occurred in 15 out of 24 hours, suggesting consistent demand throughout the day. Spot volume reached $24,373,449 across 178,695 trades. The rising short-term buy ratios and positive deltas confirm that buyers are actively absorbing sell pressure.
The latest daily buy ratio of 50.1% sits at the 62nd percentile of the last 322 days, against a median of 49.4% - ordinary for this coin.
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 47.8%, making today’s 24-hour ratio of 51.1% an unusual day with a 3.3-point increase. Volume was 0.43x the weekly average, indicating lower trading activity despite the price rise. The coin saw a price change of -5.3% over eight days, with a total volume delta of -$8,755,664. Net buying occurred on only 3 of the 7 days, contrasting with today’s 15 hours of net buying. This suggests today’s momentum is a notable deviation from the recent downtrend and lower volume environment.