$LTC Litecoin (LTC) is a peer-to-peer cryptocurrency created in 2011 by Charlie Lee as a "lighter" alternative to Bitcoin. Often referred to as the "silver to Bitcoin's gold," Litecoin shares many similarities with Bitcoin but offers faster transaction times and lower fees due to its shorter block generation time (2.5 minutes compared to Bitcoin's 10). It uses the Scrypt hashing algorithm, which is less resource-intensive than Bitcoin's SHA-256, making it more accessible for mining. Litecoin is widely accepted as a payment method and is known for its strong liquidity and market presence. Over the years, it has implemented upgrades like Segregated Witness (SegWit) and the Lightning Network to improve scalability and efficiency. While Litecoin remains a popular choice for transactions, its price and adoption are often influenced by broader market trends and developments in the crypto space.