# Token Guide: LTC — What is this Coin and Why is it Needed?
<c-132/> Litecoin is one of the oldest crypto assets that has lasted longer than most fads. It was created not for revolution, but for a stable, fast, and cheap alternative to Bitcoin. Let's see what makes LTC relevant to this day.
## 1. Brief Description of the Token
Litecoin ($LTC ) is a streamlined version of Bitcoin designed for fast and inexpensive transactions.