#WalletActivityInsights Litecoin (LTC) is a decentralized cryptocurrency created by Charlie Lee in 2011 as a "lighter" alternative to Bitcoin. It offers faster transaction speeds and lower fees, making it ideal for everyday transactions. Litecoin uses the Scrypt hashing algorithm, making it more accessible to miners with consumer-grade hardware. With a total supply of 84 million coins, LTC is often considered a testbed for Bitcoin innovations, such as Segregated Witness (SegWit) and the Lightning Network. It is widely accepted for payments and is traded on major exchanges. Despite market fluctuations, Litecoin remains one of the top cryptocurrencies due to its reliability.