$LTC (Litecoin) is a decentralized, peer-to-peer cryptocurrency created by Charlie Lee in 2011. Known for its faster block generation time and lower transaction fees compared to Bitcoin, LTC offers a more efficient alternative for everyday transactions. It uses the Scrypt algorithm, making it easier for miners to participate with consumer-grade hardware. Over the years, Litecoin has gained significant adoption and is recognized as a "silver" to Bitcoin's "gold." On Binance Square, LTC can be traded against various cryptocurrencies, benefiting from Binance's high liquidity and robust security features. With its established network and strong community, LTC remains a prominent player in the crypto market.