LitecoinLitecoin (LTC) is a peer-to-peer cryptocurrency and open source software project.
Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. The coin was inspired by, and in technical details is nearly identical to, Bitcoin (BTC)
Litecoin is frequently compared to Bitcoin, which functions almost exactly the same, aside for the cost of transactions, which are around 1/50th of the size. For some cryptocurrency traders and users, Litecoin pricing acts more rationally than Bitcoin, and with a more sustainable future.