diff --git a/mypy/types.py b/mypy/types.py
index 207e87984bed..a945ce044136 100644
--- a/mypy/types.py
+++ b/mypy/types.py
@@ -3242,7 +3242,6 @@ def __init__(
         super().__init__(line, column)
         self.value = value
         self.fallback = fallback
-        self._hash = -1  # Cached hash value
 
     # NOTE: Enum types are always truthy by default, but this can be changed
     #       in subclasses, so we need to get the truthyness from the Enum
@@ -3272,13 +3271,11 @@ def accept(self, visitor: TypeVisitor[T]) -> T:
         return visitor.visit_literal_type(self)
 
     def __hash__(self) -> int:
-        if self._hash == -1:
-            self._hash = hash((self.value, self.fallback))
-        return self._hash
+        return hash(self.value)
 
     def __eq__(self, other: object) -> bool:
         if isinstance(other, LiteralType):
-            return self.fallback == other.fallback and self.value == other.value
+            return self.value == other.value and self.fallback == other.fallback
         else:
             return NotImplemented