Currency $LTC
Litecoin is an online network that people can use to send payments from one person to another. Litecoin is a peer-to-peer system and is decentralized, which means it is not controlled by any entity or government.
The payment system does not deal with actual currencies (paper or coin), such as the dollar or euro, but instead uses its own unit of account, which is also called Litecoin (symbol: Ł or LTC).
That is why you will often see Litecoin classified as a virtual currency or digital currency. Litecoin can be bought and sold for traditional cash on a variety of exchanges available online.
But Litecoin has some notable differences from Bitcoin. In addition to processing speed, there is the issue of supply; while the maximum supply of Bitcoin is 21 million coins, Litecoin has a maximum of 84 million coins.
