GoTycheYour day-ahead look for Sept. 24, 2026
Litecoin token has its moment as network activity booms
Your day-ahead look for Sept. 24, 2026
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
Litecoin
LTC$66.55
, the cryptocurrency considered silver to bitcoin's gold, and one that's often missing from day-to-day crypto discussions, has bucked the broader market weakness over the past 24 hours.
LTC currently ranked 24th largest by market cap, has gained nearly 8% to $66 in 24 hours, the highest since January. Prices are up 37% this month, the best performance since November 2024, according to CoinDesk.
Bitcoin
BTC$83,502.93
, meanwhile, has dropped 3% in 24 hours and is only up 6% for the month. ETH, XRP, SOL and other top 10 coins show a similar performance profile, lagging well behind LTC.
The exact reason for LTC's outperformance is unclear as of now. The Litecoin Foundation attributed it to increased economic activity on the network.
"Yesterday over $1 Billion of value, over 17M Litecoin, moved across the Litecoin network in 24 hours. This is the Adjusted Economic Volume or "payments" as @ForceXHQ denotes. While not a daily high for the year, that would be $2.51B in 24hrs back in May, it's a massive percentage of LTC's market cap. A clear sign as to the activity on chain and its growing use case,” the foundation said on X.
The other possible reason could be a self-fulfilling prophecy tied to the reward halving cycle. Like the Bitcoin blockchain, Litecoin also cuts its block rewards by 50% every four years, and the cryptocurrency has had a tendency to bottom out ahead of a fresh bull run anywhere between six to 12 months before the event. The fourth halving, due next July, will cut per-block rewards to 3.125 LTC.
It remains to be seen if prices continue to rise into the event. For now, the increase in LTC's price is accompanied by renewed capital inflows into derivatives tied to the token.
As for the broader market, some analysts are confident that any pain from rising bond yields could be short-lived.
“It is worth remembering that in 2021, Bitcoin lost over 50% from its peak before reaching new highs. Similarly, today, a decline to $70K may be painful for short-term speculators, but it does not undermine the bullish outlook,” Alex Kuptsikevich, chief market analyst at The FxPro said in an email. Stay alert!
Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead."
Newsletters
What’s trending
Trump administration weighs a global stablecoin plan to cement dollar's dominance (CoinDesk): Washington is looking to leverage stablecoins to cement the U.S. dollar’s stature as the premier global reserve currency. The Trump administration is considering a stablecoin plan to boost the dollar’s dominance and source demand for U.S. Treasury notes. Global bond selloff sends U.S. 30-year yield to highest since 2004 (Bloomberg): Yields on the U.S.’s longest-dated bonds climbed to the highest level (5.44%) in more than two decades, the latest milestone in a global selloff driven by inflation fears and concern about government debt burdens. Global shares mostly lower as oil rises and markets await Trump-Xi talks (AP): Global shares were trading mostly lower Thursday, as investors tried to digest the recent swings in oil prices and the U.S. bond market. The U.S. dollar edged up to 158.37 Japanese yen from 158.30 yen. The euro was unchanged at $1.1388. Global debt tops $365 trillion as economists sound alarm over ‘vicious cycle’ (CNBC): Ever-higher costs to service mounting debt loads pose a major risk to governments around the world, economists have warned. The worldwide debt rose by $10 trillion in the first half of 2026 to $365 trillion.
Today’s signal
The chart shows litecoin’s daily price swings in candlestick format with the 50- and 200-day moving averages overlaid.
The chart looks constructive for two reasons. Firstly, the two averages have produced a golden cross, a long-term bullish configuration, as per chart analysts. Secondly, prices have convincingly topped the resistance at $60.60.
1Brooklyn man sent to prison for 12 years for stealing $16M in a Coinbase phishing scheme41 minutes ago 2Live updates: Bitcoin continues lower as bond yields take center stage54 minutes ago 3Bitcoin slides to $83,300 as bond yields hit highest level since 20071 hour ago 4Traders price in 4 Fed rate hikes by June 2027 as bitcoin slides below $83,0002 hours ago 5The data proves it: Bitcoin doesn't care about rising bond yields over long-term2 hours ago 6EU financial watchdogs warn quantum computing poses imminent threat to blockchain encryption2 hours ago 7Trump administration weighs a global stablecoin plan to cement dollar's dominance5 hours ago 8A week of AI coding cut a quantum-safe bitcoin transaction estimate from $320 to $666 hours ago 9Dogecoin down 8%, bitcoin under $84,000 as Treasury yields hit highest level since 20078 hours ago 10Kalshi says it is not being investigated by the CFTC over trading activity17 hours ago
The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
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