Litecoin is a form of digital currency which is created and transferred electronically using encryption.
Like Bitcoin, Litecoin’s transactions are recorded on a public ledger and new coins are created through a process known as “mining.”
The main difference between Bitcoin and Litecoin is that Litecoin is built for speed. This makes it a great choice for quick transactions like payments.
Litecoin was the second most popular cryptocurrency as of 2015 with one coin being worth about $1.50 USD… meanwhile, in late 2017 Litecoin traded between $60 and $95. Oh how times have changed!
