Litecoin is a cryptocurrency like bitcoin. But, it is regarded as faster and cheaper of an option than the bitcoin. However, the mechanics and working of this cryptocurrency are almost the same as BTC. It is traded as ccc ltcusd in the stock exchanges. It is also the 7th largest cryptocurrency asset with a total value of $2.68 billion.
Litecoin is the result of an open-source software created under the MIT/X11 license and is a peer to peer digital currency.