LTC - Litecoin cryptocurrency was created by one of the first users of BTC - Charlie Lee (Chocobo), based on the Bitcoin protocol, in October 2011. Litecoin is technologically different from Bitcoin. Among the pluses of LTC are the transfer speed (a few minutes), low transaction cost and security.
Technologically, LTC is similar to BTC, has strong and secure cryptography and is considered one of the most secure cryptocurrencies. LiteCoin network's functionality is maintained by miners, which generate new blocks (POW - proof-of-work consensus algorithm).
The total maximum supply of LTC is 84 million, which is predicted to be generated in at least a hundred years.
Litecoin is constantly evolving. The Mimblewimble protocol is being tested and planned for the Litecoin network to provide additional transaction privacy.
As one of the pioneers of the cryptoworld, LTC is traded on all major cryptocurrency exchanges, and this cryptocurrency (one of the few) is traded not only in pairs with other cryptocurrencies, but also with fiat currencies.