Litecoin (LTC) is a peer-to-peer cryptocurrency created in 2011 by Charlie Lee as a 'lighter' version of Bitcoin, with faster transaction speeds and lower fees. Often referred to as 'digital silver' compared to Bitcoin's 'digital gold,' Litecoin is widely used for transactions due to its speed and affordability. It operates on a Proof of Work (PoW) consensus mechanism similar to Bitcoin but with a modified algorithm, Scrypt, which enables faster block generation. Litecoin has a capped supply of 84 million coins and is known for its reliability and high liquidity. It’s supported on most exchanges and wallets, making it accessible for trading, payments, and as a hedge against inflation. Our Litecoin Markets page provides live LTC prices, historical data, and market insights to help you stay informed in the dynamic crypto landscape.
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