Litecoin, a long-standing PoW asset, surged nearly 24% in a single day—what triggered this movement? On September 24, Litecoin (LTC) spiked by nearly 24% within 24 hours, bringing the once-sleeping legacy blockchain back into the market’s spotlight. Increased on-chain transaction activity, combined with a breakout above its prior price range, attracted fresh capital, while short covering further amplified volatility. Litecoin also has fundamental merits worth reevaluating. It has long been used for low-cost transfers, and MWEB offers an optional privacy feature that can conceal transaction amounts—aligning closely with the recent surge in privacy-focused narratives. Meanwhile, Grayscale’s filing of documents related to a Litecoin Trust ETF has heightened market attention. This rally appears driven by a confluence of on-chain activity, ETF expectations, and trading capital. However, the short-term direction will depend on whether real-world usage can be sustained.