$LTC Litecoin ($LTC) is one of the oldest cryptocurrencies, created by Charlie Lee in 2011 as a "silver" version compared to Bitcoin's "gold". Based on Bitcoin's source code, Litecoin has many improvements such as faster block generation time (2.5 minutes compared to Bitcoin's 10 minutes) and lower transaction fees, making it a suitable choice for payments.

Litecoin uses the Scrypt algorithm, making mining more accessible compared to Bitcoin's SHA-256. Although it does not have breakthroughs like Ethereum or Bitcoin, $LTC still maintains its position as a popular digital asset with a loyal community and widespread acceptance in payments.