Using the wealth of ∼24 yr multiband data, we present an in-depth study of the starspot cycles, surface differential rotations (SDR), optical flares, evolution of star-spot distributions, and coronal activities on the surface of young, single, main-sequence, ultrafast rotator (UFR) LO Peg. From the long-term V -band photometry, we derive rotational period of LO Peg to be 0.4231 ± 0.0001 d. Using the seasonal variations on the rotational period, the SDR pattern is investigated, and shows a solar-like pattern of SDR. A cyclic pattern with period of ∼2.7 yr appears to be present in rotational period variation. During the observations, 20 optical flares are detected with a flare frequency of ∼1 flare per two days and with flare energy of ∼10 31−34 erg. The surface coverage of cool spots is found to be in the range of ∼9-26 per cent. It appears that the high-and low-latitude spots are interchanging their positions. Quasi-simultaneous observations in X-ray, UV, and optical photometric bands show a signature of an excess of X-ray and UV activities in spotted regions.