Bybit Supports Litecoin v0.21.5.6 Network Upgrade, Suspends Deposits and Withdrawals on August 4
Bybit announces support for the Litecoin v0.21.5.6 network upgrade, scheduled for August 4, 2026 at 23:00 UTC. Deposits and withdrawals will be suspended from 22:00 UTC, while trading remains unaffected. Users should monitor for resumption notices.
What happened: Bybit announced support for the Litecoin (LTC) v0.21.5.6 network upgrade, expected to occur on August 4, 2026 at 23:00 UTC (approximately at Litecoin block height 3,154,440). To facilitate the upgrade, Bybit will suspend LTC deposits and withdrawals starting from August 4, 2026 at 22:00 UTC, with resumption to be announced later. Existing users do not need to take immediate account security actions, but those planning to deposit or withdraw LTC during the suspension should arrange in advance. Trading functionality is unaffected.
Key facts
- Bybit will support the Litecoin v0.21.5.6 network upgrade, expected to occur on August 4, 2026 at 23:00 UTC.
- The upgrade is triggered at Litecoin block height 3,154,440.
- LTC deposits and withdrawals will be suspended starting from August 4, 2026 at 22:00 UTC.
- During the suspension, LTC trading functionality is unaffected.
- No separate announcement will be made for resumption; users need to set reminders on the deposit or withdrawal page.
- Official upgrade details link (GitHub release notes) is provided.
Key timeline
LTC deposits and withdrawals suspended
Network upgrade expected to occur (or block height 3,154,440 reached)
Who may be affected
- Users holding LTC on Bybit who plan to make deposits
- Users holding LTC on Bybit who plan to make withdrawals
- Users trading LTC during the suspension (trading is unaffected, but note the deposit/withdrawal pause)
Impact analysis
The impact of this upgrade on users is mainly the interruption of deposit and withdrawal services. During the suspension, users cannot deposit or withdraw LTC, but trading functions normally, so the direct impact on trading strategies is limited. Users who have not completed deposits or withdrawals before the suspension must wait for service resumption. The resumption time depends on the completion of the network upgrade, but Bybit explicitly states that no separate announcement will be made, so users must proactively set reminders. Additionally, the upgrade itself is a technical update to the Litecoin network, which may bring performance or security improvements, but specific impacts should be referenced from the official release notes. For users holding LTC, there is no need to worry about asset safety, as the suspension only affects deposits and withdrawals, not assets within the account.
What the announcement does not say
The announcement does not specify the details of the upgrade, potential technical risks, or impact on network performance. The exact resumption time for deposits and withdrawals is not provided, and users must rely on reminder features. Furthermore, the announcement does not mention whether the upgrade involves a hard fork or compatibility issues, nor whether other LTC-related services (such as staking, lending, etc.) will be affected during the suspension.
Risk notes
- During the suspension, users cannot transfer LTC, which may affect liquidity needs.
- The network upgrade may carry technical risks that could delay or fail, but the announcement does not mention this.
- The resumption time is uncertain; users must proactively set reminders to avoid missing service restoration.
- The announcement does not specify whether the upgrade affects LTC's on-chain functionality; users should refer to official release notes.
- This article is for verifying the exchange's official announcement only and does not constitute investment or trading advice.
This article is for information only and is not investment, legal, or tax advice. Digital assets are volatile and may result in loss of principal.
Frequently asked questions
Is my asset safe during the LTC deposit and withdrawal suspension?
Yes, the suspension only affects deposit and withdrawal functions. Your LTC assets remain securely stored in your Bybit account, and trading functionality is unaffected.
How can I know when deposits and withdrawals resume?
Bybit will not make a separate announcement for resumption. You need to click 'Set Reminder' on the deposit or withdrawal page to receive a notification when the service resumes.
Will the upgrade cause a fork or create a new coin?
The announcement does not mention any fork or new coin information; it only states support for the network upgrade. For specific upgrade details, please refer to the official Litecoin release notes.
Official sources
Collected material is used only for fact checking. If this page differs from the original announcement, the official page controls.