Litecoin jumps 8% to highest since January on network boom
LTC rose about 8% to near $66 while Bitcoin fell, taking its September gain to 37%. More than $1 billion of value moved on the Litecoin network in a single day.
On a day when most of the crypto market was in the red, Litecoin went the other way. LTC gained about 8% over 24 hours to roughly $66, its best level since January, on Thursday. Bitcoin, by contrast, lost around 3% to close to $83,500 as bond yields rose. With the dollar at about ₹95.7, one LTC works out to roughly ₹6,300 to ₹6,400 before any premium charged on Indian exchanges. You can follow the live Litecoin price in INR on our site.
Four reasons behind the move
Busy network. According to the Litecoin Foundation, more than $1 billion in value, over 17 million LTC, was transferred on the network in a 24-hour period. That is a big number, though still short of the roughly $2.51 billion peak recorded in May.
Strongest month in nearly two years. Litecoin is up about 37% in September, its best monthly performance since November 2024, while Bitcoin has gained only about 6% over the same month.
Technical signals. Chart watchers highlighted a "golden cross" on the daily chart, which is when the 50-day moving average rises above the 200-day average. They also noted a break above resistance at about $60.60.
A halving ahead. Litecoin's next block-reward halving, expected in July 2027, will reduce miner rewards to 3.125 LTC per block. As with Bitcoin, a halving slows the rate at which new coins are created. Our explainer on how halvings work covers the mechanics.
Part of a wider, fragile rotation
Litecoin, about 24th by market capitalisation, is one of several older coins, including Bitcoin Cash and Zcash, that have drawn rotation money this month. Those flows have proved unreliable. Other altcoins fell sharply this week once US Treasury yields hit their highest since 2007, as covered in our report Bitcoin Cash jumps 28% and Zcash rallies before altcoins reverse. To see whether the strength spreads, keep an eye on our Altcoin Season Index and the Gainers & Losers page.
What Indian investors should weigh
Rallies in a single coin that rest on chart patterns can reverse as fast as they began, and a golden cross guarantees nothing. Before chasing the move, factor in India's tax rules: gains are taxed at a flat 30% plus cess, 1% TDS is deducted on transfers, and a loss on one coin cannot be set off against a gain on another. Keep any position to an amount you can afford to lose. This is not investment advice.
This article is AI-assisted, educational and general in nature. It is not financial advice and never a guarantee of profit. Every trade is at your own risk on your own exchange. See our risk disclosure and editorial policy.
