$LTC Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee in 2011 as a "lite" version of Bitcoin. It was designed to offer faster transaction times and a more efficient mining process. With a block time of 2.5 minutes and a supply limit of 84 million coins, Litecoin provides a quicker and more accessible alternative for users. Its underlying technology is based on the Bitcoin protocol but with modifications to the hashing algorithm and transaction processing. As one of the oldest and most established cryptocurrencies, Litecoin continues to be a popular choice for digital payments and value storage.