Litecoin is one of the top 10 largest in terms of popularity and capitalization as a digital currency, being an alternative to bitcoin. It can be used to pay for goods and services as well as exchanged for traditional or digital currencies.
Litecoin is issued and maintained by a decentralized user network which makes government regulation and rate manipulation by means of changing the supply of coins impossible. The number of litecoins is algorithmically limited to 84 million coins.
The price for litecoin depends only on the supply and demand balance and is actually determined by the trust in this digital currency as a means of payment for goods and services. The high volatility of litecoin facilitates a good opportunity to earn funds.