$LTC Litecoin (LTC) is a peer-to-peer cryptocurrency created by Charlie Lee in 2011 as a "lighter" version of Bitcoin. It aims to offer faster transaction times and lower fees compared to Bitcoin, making it more suitable for everyday transactions. Litecoin operates on a decentralized network using a proof-of-work consensus mechanism and has a supply cap of 84 million coins.

While it shares many features with Bitcoin, such as being open-source and using blockchain technology, Litecoin's block generation time is approximately 2.5 minutes, compared to Bitcoin's 10 minutes, making transactions quicker. It is often seen as a "silver" counterpart to Bitcoin's "gold."