Litecoin (LTC) rose nearly 8% to $66.55 on Sept. 24, the strongest daily gain since January, as the Litecoin Foundation cited a surge in on-chain economic activity. The token also jumped 37% for the month, its best monthly performance since November 2024.
Bitcoin (BTC), trading at $83,503, fell 3% over the same period and has gained just 6% this month. Ethereum, XRP and Solana similarly lagged Litecoin's outperformance.
According to the Litecoin Foundation, more than $1 billion in value—equivalent to over 17 million Litecoin—moved across the network in 24 hours. The foundation labeled the metric "Adjusted Economic Volume" or payments, noting that while it is not the year's peak ($2.51 billion was recorded in May), it represents a substantial share of LTC's market capitalization and signals growing on-chain utility.
The foundation did not pinpoint a single driver for the rally. A separate factor drawing attention is Litecoin's fourth halving, scheduled for next July, which will reduce per-block rewards to 3.125 LTC. Historically, the cryptocurrency has tended to bottom out six to twelve months ahead of a halving cycle, fueling speculation that the upcoming event could provide a tailwind.
Capital inflows into Litecoin derivatives have picked up alongside the price advance. Chart analysts noted a golden-cross configuration between two moving averages—a long-term bullish setup—and said prices have convincingly broken above the $60.60 resistance level.
On the macro side, some analysts expressed confidence that rising bond yields would not weigh heavily on crypto. Alex Kuptsikevich, chief market analyst at The FxPro, said in an email that a potential drawdown in Bitcoin to $70,000 would be painful for short-term speculators but would not undermine the bullish outlook, pointing to the precedent of Bitcoin shedding more than 50% from its 2021 peak before reaching new highs.
