$LTC (Litecoin) is a decentralized cryptocurrency created by Charlie Lee in 2011 as a faster and more scalable alternative to Bitcoin. It uses the Scrypt hashing algorithm, allowing for quicker transaction confirmations and lower fees. With a maximum supply of 84 million LTC, Litecoin is widely used for peer-to-peer transactions, payments, and store of value. It has strong adoption in the crypto space and is often referred to as the "silver to Bitcoin’s gold." Litecoin’s integration with Lightning Network and support for MimbleWimble privacy features further enhance its scalability and security, making it a key player in the crypto market.