$LTC Litecoin (LTC) is an altcoin created in October 2011 by Charles “Charlie” Lee, a former engineer at Google. Litecoin is developed based on the open-source code of Bitcoin but has been modified with some significant changes.

Similar to Bitcoin, Litecoin operates on a global open-source payment network, not controlled by any central authority. However, Litecoin differs from Bitcoin in several ways, such as faster block generation times and the use of the Scrypt hashing algorithm.

These improvements make Litecoin a unique choice in the cryptocurrency ecosystem.