$LTC Litecoin was created in 2011 by Charlie Lee as a "lighter" version of Bitcoin, offering faster transaction speeds and lower fees. It uses the Scrypt hashing algorithm, making it more accessible for mining compared to Bitcoin’s SHA-256. Litecoin has a total supply of 84 million coins, four times Bitcoin's 21 million.

LTC is widely used for payments, remittances, and trading. It has undergone major upgrades like MimbleWimble, enhancing privacy and scalability. While not as dominant as Bitcoin or Ethereum, Litecoin remains a key player in the crypto market due to its reliability and speed.