Litecoin holds $52.35 as Binance delisting fails to dent weekly gains

Litecoin opened the week at $44.27 and closed Friday at $51.97, a seven-day advance of 18.60% that survived Binance's removal of several LTC trading pairs announced mid-week. CoinGecko data shows the asset at $52.35 as of 14:00 UTC Aug 25, with 24-hour volume of $465.4 million. The exchange action targeted specific quote pairs rather than the asset itself, leaving major LTC/USDT and LTC/BTC markets intact. Traders rotated volume into the remaining pairs, keeping order-book depth within 5% of pre-delisting levels according to Kaiko's aggregate feed. CoinGecko data shows open interest on perpetual futures rose 12% over the same span, signaling derivatives participants did not interpret the news as structural.

Supply side unchanged

per CoinGecko, circulating supply sits at 77.53 million LTC, identical to total supply since the 2011 genesis block. No scheduled halvings, vesting cliffs, or team unlocks appear on the calendar through year-end. The float math therefore isolates price action to demand shifts rather than dilution fears.

Derivative confirmation

Funding rates across Binance, Bybit, and OKX averaged 0.01% per eight hours, flat from the prior week. Long liquidations stayed below $2 million daily, well under the $8 million peak seen during the March correction. The absence of forced selling suggests leverage was not the primary driver of the weekly climb. Figures from the desk show total crypto market cap expanded 1.58% to $2.71 trillion over the week, with Bitcoin dominance steady at 59.3%. LTC's 18.6% gain outperformed the broad index by roughly 17 percentage points, placing it among the top-10 performers in the top-100 by market cap. CoinGecko data shows ether dominance held at 11.1%, indicating the altcoin rotation was selective rather than sweeping. per CoinGecko, the next resistance cluster forms near $55, the June local high. A daily close above that level would mark the highest print since the April halving narrative faded. Downside, the 20-day exponential moving average at $49.80 now acts as the first line of support. Volume profile shows the heaviest traded nodes between $51 and $53, suggesting fair-value acceptance in that band.