A LED driving circuit includes a bridge rectifier, a high-bias-voltage diode, a balancing capacitor, a driving chip, and a switch. The bridge rectifier receives external AC power and outputs a full-wave or half-wave AC power. One terminal of the high-bias-voltage diode and one terminal of the balancing capacitor are electrically coupled to a balancing node. The other terminals of the high-bias-voltage diode and the balancing capacitor are electrically coupled to the bridge rectifier and grounded respectively. The driving chip receives operating power from the balancing node, and outputs driving signals to operate the switch, so as to drive an LED. Through the arrangement of the forward bias voltage direction of the high-bias-voltage diode, the balancing capacitor is only discharged to the driving chip. Therefore, the capacitance value and the volume of the balancing capacitor, the space occupied by the driving circuit, and the cost of the driving circuit are reduced.