The present invention provides an LED lamp and a temperature control circuit applied to the LED lamp. The LED lamp includes at least one LED unit, a magnetic ballast, and an LED drive circuit. The magnetic ballast is coupled to a power and configured to limit and stabilize a received alternating current. The LED drive circuit includes a temperature control circuit. The temperature control circuit is coupled to the magnetic ballast and connected in parallel with the LED unit, is configured to detect an internal temperature of the LED lamp and adjust an output power of the LED unit, and includes a thermal sensitive module having a negative temperature coefficient thermistor and a phase cut circuit. The phase cut circuit is coupled to the thermal sensitive module, and adjusts the output power of the LED unit by decreasing a resistance of the negative temperature coefficient thermistor when the negative temperature coefficient thermistor detects that the internal temperature of the LED lamp is higher than a specified temperature threshold.