Litecoin was developed in 2011 by Charlie Lee, a former Google employee. Although it operates on the same working principle as Bitcoin, there are some differences between them. It was created to fix some of the issues present in the Bitcoin system and has been successful in this area.
It is a cryptocurrency that operates on an open-source blockchain system without any central authority. It achieved great success in its early days, securing a significant position among other cryptocurrency values.
Litecoin, being the first altcoin, currently has a market value of over 1 billion dollars. It was introduced to allow money transfers at very low costs. It offers more storage possibilities than other cryptocurrency values.
The Litecoin blockchain generates blocks faster than the Bitcoin blockchain. This faster block generation speed makes transactions on Litecoin get confirmed faster.

Even though Litecoin uses the same underlying system as other cryptocurrencies like Bitcoin, it offers some advantages over other cryptocurrency values. Inspired by Bitcoin's open-source software, Litecoin utilizes a different algorithm.
This algorithm makes mining operations easier and can be performed with minimal system requirements. This advantage in mining significantly reduces transaction confirmation times and greatly affects the transmission speed.

Litecoin mining is done with ASIC devices, which are specifically produced only for mining operations, similar to Bitcoin mining. You can also mine with your computer's graphics card, but your profitability will significantly decrease.
Due to the increase in the number of miners and the demand for processing capacity, Litecoin mining is continuously becoming more difficult.

In Turkey, buying Litecoin with Turkish Lira is much easier and quicker than one might assume. You can purchase Litecoin without needing any technical knowledge.