Litecoin (LTC) is an altcoin that aims to have improved speed and transaction costs when compared with Bitcoin (BTC). LTC is one of the longest-standing crypto assets after BTC, intended to serve as more of a sidekick to BTC than a rival asset.

In general, Litecoin is a blockchain-based way to transact value globally. Litecoin trades on numerous platforms and has been one of the most prevalent crypto assets in the industry for most of the crypto sector’s existence. Litecoin has potential value in its faster, cheaper transactions versus Bitcoin, although LTC is less scarce in terms of coin supply and also less prominent.