$LTC A Litecoin (LTC) is a cryptocurrency created by Charlie Lee in 2011, with the aim of being a faster and more accessible version of Bitcoin. It uses the Scrypt consensus algorithm, unlike Bitcoin, which uses SHA-256. The main advantage of LTC is the reduced block time, which allows for faster transactions and lower fees. This makes it a viable alternative for quick and daily payments. Litecoin has a maximum supply of 84 million coins, which is four times greater than Bitcoin. It is widely accepted on various exchange and commerce platforms.