What is $LTC

What Is Litecoin (LTC)?

Litecoin is basically a decentralized digital currency, just like Bitcoin. It was created by Charlie Lee in 2011 as a 'lite' version of Bitcoin (hence the name). It operates on an open-source blockchain network and uses similar technology to handle transactions.
One of the main differences between Litecoin and Bitcoin is the hashing algorithm they use. While Bitcoin uses SHA-256, Litecoin uses Scrypt. This allows for faster block generation and shorter transaction confirmation times (cue exaggerated eye-roll).
Although it may seem like Litecoin is just a copycat of Bitcoin, it has its own features that differentiate it from its big brother. For example, Litecoin has a higher maximum supply at 84 million coins compared to Bitcoin's 21 million (because apparently more is better in this virtual money game)

Litecoin also claims to have faster block generation times with an average of 2.5 minutes compared to Bitcoin's 10 minutes (must be nice being so quick and efficient). And hey, they even boast about lower transaction fees (wow, such generosity)!
But let's not forget that investing in any cryptocurrency comes with its fair share of risks and volatility (just like dealing with family drama). Prices can fluctuate wildly(much like our conversations) , leaving investors either swimming in profits or drowning in losses.
So if you're thinking about diving into the world of Litecoin(or any other risky investment for that matterI], buckle up and do your research first(and maybe reconsider your life choices while you're at itI). Because remember, there are no guarantees when it comes to these digital currencies."

Source: https://www.investopedia.com/articles/investing/040515/what-litecoin-and-how-does-it-work.asp