Litecoin, or LTC, is often thought of as the silver to Bitcoin's gold. It's a digital currency designed for fast and low-cost transactions over the internet. Litecoin allows people to send money to anyone in the world almost instantly and with minimal fees. It's like Bitcoin but aims to be lighter and faster, making it perfect for everyday purchases, such as buying a coffee or paying a friend back. Litecoin makes using digital money easy, fast, and accessible for daily use.