Litecoin (LTC) is a peer-to-peer cryptocurrency that was created as a "lite" version of Bitcoin. It was designed to offer faster transaction confirmations and a more efficient mining process. Introduced in 2011 by Charlie Lee, a former Google engineer, Litecoin has gained popularity for its ability to handle a higher volume of transactions and its lower transaction fees compared to Bitcoin. Similar to Bitcoin, Litecoin operates on a decentralized network using blockchain technology. It allows users to securely send and receive payments globally. Litecoin has a total supply limit of 84 million coins, four times higher than Bitcoin's limit, providing a greater potential for wider circulation. Litecoin has also been recognized as a valuable digital asset for investment and trading purposes. Its liquidity and relatively stable market position have made it a popular choice among cryptocurrency enthusiasts. Many crypto exchange platforms offer Litecoin trading pairs, allowing users to easily buy, sell, and trade Litecoin for other cryptocurrencies or fiat currencies. With its focus on speed, low fees, and secure transactions, Litecoin continues to be a prominent cryptocurrency in the digital currency ecosystem.