#GasFeeImpact Litecoin (LTC) is a peer-to-peer decentralized cryptocurrency founded in 2011 by Charlie Lee. As an open-source fork of the Bitcoin Core client, LTC shares similarities with Bitcoin but with faster transaction processing times and lower fees. The total supply of LTC is capped at 84 million. Litecoin's algorithm, Scrypt, allows for more efficient mining compared to Bitcoin's SHA-256. LTC has gained popularity as a faster and more affordable alternative for microtransactions and everyday purchases. Its market capitalization ranks among the top cryptocurrencies.