Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee in 2011. Litecoin has a maximum supply of 84,000,000 LTC. This is four times the supply cap of bitcoin, which has a limit of 21,000,000 BTC.
It was an early Bitcoin spinoff or altcoin.
It was created based on the Bitcoin protocol but differed in terms of the hashing algorithm used.
Litecoin’s developers have long stated that they intend to create the “silver” to Bitcoin’s “gold.”
It is a top ten coin making it a popular choice for investors.
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Disclaimer
Please note that this is not trading advice. We recommend you to carry out your own research before making any trading decisions. This article is for informational purposes only.