Binance to remove LTC/BNB spot pair on Aug. 21 as Litecoin rallies

Binance will remove the LTC/BNB spot trading pair on Aug. 21 at 03:00 UTC after reviewing liquidity and trading activity. Litecoin itself will remain listed on Binance Spot, and users will still be able to trade it through other supported pairs. The exchange is also removing SUI/BNB, F/USDC, HIVE/USDC, ILV/USDC, NMR/USDC and STEEM/USDC. Litecoin was trading near $52 after breaking out of the $44-$45 range, although an RSI (relative strength index, a momentum indicator) reading of 73 placed it in overbought territory and suggested its advance could slow. Positive directional momentum remained well ahead of negative momentum, with trend strength still firm, pointing to potentially elevated volatility. Open interest (OI, the value of outstanding derivatives contracts) stood near $197 million, while the average funding rate (the periodic payment balancing perpetual futures markets) was positive at about 0.0101%, indicating continued demand for leveraged long positions. A major liquidity cluster near $55, along with additional pockets around $49-$50 and $44, could contribute to a sharp next move as leverage and liquidity remain concentrated on both sides of the market.

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