Lightning Cutter

The Lightning Cutter is an enhanced and concentrated form of the Chidori with the same effects and drawbacks.

Overview
Kakashi's Chidori gained the name "Lightning Cutter" when he used it to split a bolt of lightning. Although this indicates greater finesse with Kakashi's Lightning Cutter than exists with the standard Chidori, it isn't clear how they differ because they are performed in fundamentally the same way: both concentrate lightning chakra in the hand; both are used to rapidly pierce targets; both cannot be safely used without the Sharingan. When Deidara refers to Sasuke Uchiha's jutsu as Lightning Cutter, Sasuke corrects him and explains that his jutsu is technically only a Chidori.

Like the Chidori, the Lightning Cutter requires a large amount to chakra to be performed, placing a limit on how many times it can be used per day. In Part I, Kakashi can use it four times per day, which he increases to an unspecified number in Part II. During Part II, Kakashi demonstrates several new uses for the Lightning Cutter, such as forming one in each hand to counteract powerful lightning attacks. On another occasion, he links his Lightning Cutter with one of his shadow clone's, using the arc of electricity to cut through multiple targets. He can also flow it into kunai, enhancing its slicing power and giving him an method of throwing the Lightning Cutter.

Six Paths Application
While Kakashi's body is briefly inhabited by the spirit of Obito Uchiha, he applies Six Paths Power to his Lightning Cutter, allowing it to damage Kaguya Ōtsutsuki. He combines this usage with Kamui, causing her counterattacks to pass through him harmlessly.

Trivia

 * The name Raikiri comes from a story about famous samurai, Tachibana Dōsetsu: Tachibana was in possession of a famous sword called . One day, while taking shelter from the rain under a tree, a bolt of lightning struck him. However, Tachibana used his Chidori to cut the Thunder God inside the lightning bolt, allowing him to survive. After this incident, he renamed his Chidori to.
 * In the anime, the Lightning Cutter is usually depicted as blue, whereas the Chidori is depicted as white.
 * In Kakashi Hiden, Kakashi can't safely perform the Lightning Cutter because he no longer has the Sharingan. For that reason, he created Lightning Release: Purple Electricity as a replacement.
 * In Naruto Shippūden the Movie: The Will of Fire, when this technique was copied by Hiruko, he used the electrical energy to surge around the area, increasing the range of damage.