$LTC , or Litecoin, is a peer-to-peer cryptocurrency created by Charlie Lee in 2011. It is often referred to as the “silver to Bitcoin’s gold” due to its similarities to Bitcoin but with faster transaction times and lower fees. Litecoin uses the Scrypt hashing algorithm, which makes mining more accessible compared to Bitcoin’s SHA-256. As a decentralized, open-source digital currency, aims to provide a secure and efficient means of transferring value. With a capped supply of 84 million coins, it has gained popularity as a store of value and medium of exchange, often being used for smaller transactions.