Litecoin (LTC) is one of the oldest and most well-established cryptocurrencies in the market. Often referred to as the "silver to Bitcoin’s gold," Litecoin was created to offer faster transactions and lower fees while maintaining the decentralized principles of Bitcoin. Since its launch in 2011, LTC has remained a top cryptocurrency, consistently ranking among the top digital assets by market capitalization.

What Is Litecoin (LTC)?

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee, a former Google engineer, in October 2011. It is based on Bitcoin’s open-source code but with several key modifications to improve transaction speed and scalability.