Litecoin is a cryptocurrency that is often compared to Bitcoin. Litecoin was created in 2011 by Charlie Lee, a former Google employee. Litecoin is similar to Bitcoin in many ways, but it has a faster transaction time and a different mining algorithm. Litecoin is often seen as a "silver" to Bitcoin's "gold". While Bitcoin is the most well-known cryptocurrency, Litecoin is often seen as a good investment due to its potential for growth.