$LTC Litecoin (LTC) is a peer-to-peer cryptocurrency created by Charlie Lee in 2011. Often referred to as the "silver to Bitcoin's gold," Litecoin is designed for faster transactions and lower fees. It uses the Scrypt algorithm, making it more accessible for mining compared to Bitcoin's SHA-256. With a total supply cap of 84 million coins, Litecoin offers quicker block generation times (2.5 minutes) and is widely accepted for payments and transfers. Its focus on scalability and efficiency has made it a popular altcoin, serving as a testbed for innovations like the Lightning Network and MimbleWimble for enhanced privacy and functionality.