Litecoin (LTC) is an open-source tech and cryptocurrency project written under the MIT / X11 permissions. The development and transfer of coins is an open-source cryptographic protocol that has never been regulated by a central authority. Litecoin was an early bitcoin spinoff or altcoin from October 2011.  The Litecoin was first created by Charlie Lee, a former Google engineer. It is similar to Bitcoin in its monetary policy and technology. However, Litecoin involves some key changes, as block times and the supply cap that are four times larger in comparison with Bitcoin. During November 2013, Litecoin’s aggregate value saw tremendous growth, including a leap of 100 percent in 24 hours.