Loki Episode 2 Breakdown - Lady Loki & Possible Kang Theory Explained

4. Is The Hooded Figure Lady Loki?

So there were a lot of hints towards the hooded figure not being quite the Loki we were expecting, in fact if they hadn't confirmed that it was definitely Loki variant energy about a million times then I would have been guessing that ‘maybe it isn’t Loki at all!’ For now though this doesn’t seem to be the case, especially with the big reveal at the end of the episode finally giving our mysterious enemy a face, and that face appears to belong to Lady Loki.

People first started guessing that Lady Loki would be making an appearance back in 2020, after leaked set photos showed Sophia Di Martino in a costume that looked suspiciously similar to Loki’s original Avengers movie getup.

As is usually the case here, we’re going to have to take what we know from the comics and then leave a bit of wiggle room for the MCU. In the comics, Lady Loki first appears after the whole Ragnarok debacle when Loki takes on a female form. Thus in the comics they don’t exist as separate characters, rather as one and the same. Obviously here the whole charm of the Loki/TVA situation here is that Variant Lokis exist as separate from each other, with that little slideshow type thing showing us just a few of the Variants the TVA have had to deal with in the past.

Lady Loki may not be one and the same as the Loki we know (as in the comics) but she shares many of his traits. In the comics, Loki carries on with all his signature tricks and mischief whilst occupying the female form but from what we can tell now, Lady Loki on screen may be a darker and more powerful version of our main Loki.

So, who will prevail as the better, superior Loki?