Litecoin, ranked 24th by market capitalization, rose nearly 8% in 24 hours to $66, its highest price since January, while gaining 37% this month for its strongest monthly performance since November 2024, according to CoinDesk. The exact catalyst remains unclear. The Litecoin Foundation linked the move to increased economic activity, citing more than $1 billion in value, or over 17 million Litecoin, transferred across the network in 24 hours. Another possible driver is the token’s historical tendency to bottom six to 12 months before its four-year block-reward halving, with the fourth halving due next July and set to reduce rewards to 3.125 LTC. The price rise has also been accompanied by renewed capital inflows into Litecoin derivatives. In the wider market, FxPro chief market analyst Alex Kuptsikevich said pressure from rising bond yields could be temporary and that a Bitcoin decline to $70,000 would not overturn the bullish outlook.