Litecoin tests resistance as volume surges
Litecoin (LTC)
Editor:
Eugene Serbin
tradersunion.com reports that Litecoin is trading at $58.67, marking a 7.99% daily gain near its daily high. The asset is positioned above key moving averages, indicating persistent bullish momentum in the short and medium term. Diariobitcoin notes a notable surge in trading activity, with daily volume registering 27.13% above the 30-day average.
This influx of liquidity enhances price responsiveness and draws increased buy-side interest. Technical indicators show LTC trading above the MA-20 and MA-50 on the h1 timeframe and above the MA-200 on the daily chart. The Ichimoku Kijun at $55.15 serves as immediate support, while the daily MA-200 provides long-term backing.
Momentum readings are robust, with MACD and ADX pointing to strong upward pressure and an RSI of 69.55. Analysts note that the asset remains well below its all-time high, framing the rally in a broader recovery context. Short-term price action is expected to unfold within the $56.93–$60.25 range. A breach above $60.25 is considered the most probable scenario, while a move below $56.93 could trigger a bearish reversal.
How the market reacted
Whalio's own Binance spot order flow for LTC, measured when this story was written up on 7 September 2026. Not the outlet's figures.
Litecoin is currently trading at $54.97 on Binance spot markets. The 1-hour buy ratio stands at 50.2%, while the 4-hour ratio is higher at 55.0%, compared to a 24-hour ratio of 50.5%. This suggests that buying pressure is building in the shorter timeframes relative to the full day. Volume deltas show net buying of +$23,200 over the last hour and +$673,759 over four hours. The CVD for the 24-hour close is +$3,284,852, indicating sustained accumulation. Net buying occurred for 20 of the last 24 hours, with a total spot volume of $19,664,537. These metrics show that buyers are actively absorbing sell orders, driving the price up from earlier levels.
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.
Over the preceding week, the 7-day average buy ratio was 50.7%, slightly higher than the latest day's 50.5%. Volume was 1.11x the average, indicating a 11% increase in activity compared to the norm. Net buying was recorded for 4 of the 7 days, with a total volume delta of +$3,038,183. The price has changed +14.7% over the last 8 days. This represents an unusual day for the coin, with volume significantly above the weekly average and a buy ratio that is 0.2 points lower than the 7-day average.