$LTC Litecoin (LTC) is one of the first cryptocurrencies developed after Bitcoin, designed to provide faster transactions and lower fees. Litecoin uses the Scrypt algorithm (unlike Bitcoin which uses SHA-256), which makes it more efficient for mining using lighter hardware.

Overall, LTC is known as the "silver" in the cryptocurrency world, while Bitcoin is considered the "gold". Litecoin has a solid community and has been used as a means of payment in many places, although competition is increasing with the emergence of new projects that offer scalability and lower transaction fees.