$LTC Litecoin is a decentralized peer-to-peer cryptocurrency launched in 2011 by Charlie Lee as a faster and cheaper alternative to Bitcoin. It uses the Scrypt hashing algorithm, enabling quicker block times (2.5 minutes) and lower transaction fees. With a fixed supply of 84 million coins, Litecoin is considered a deflationary asset.
Fundamentally, LTC benefits from strong exchange liquidity, long market history, and wide merchant acceptance. It is often used for payments and transfers. However, growth depends on adoption, network activity, and overall crypto market sentiment. Litecoin remains a reliable large-cap altcoin with steady development support.
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