$LTC Litecoin (LTC) is a decentralized cryptocurrency created by Charlie Lee in 2011 as a faster, more scalable alternative to Bitcoin. It uses the Scrypt hashing algorithm, allowing for quicker block generation times of 2.5 minutes compared to Bitcoin’s 10 minutes. With a capped supply of 84 million coins, LTC is often considered a “silver” counterpart to Bitcoin’s “gold.” It is widely used for payments due to its lower transaction fees and faster confirmations. Litecoin underwent its latest halving in August 2023, reducing miner rewards and potentially impacting supply dynamics. Its strong network security and adoption keep it relevant in the crypto space.