$LTC Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software project. Released in 2011 by Charlie Lee, LTC was designed to be a faster and more lightweight alternative to Bitcoin. With a block time of 2.5 minutes, LTC enables faster transaction processing compared to Bitcoin's 10-minute block time. LTC has a maximum supply of 84 million coins and uses the Scrypt algorithm for mining. As one of the earliest altcoins, LTC has maintained a strong presence in the cryptocurrency market and is widely accepted as a form of payment.