Litecoin is often compared to Bitcoin, and for good reason: both digital currencies are closely related. This currency has been heavily influenced by Bitcoin when it was developed in 2011.

Both have deflationary properties, with supply set to continue to taper (limited) up to several years into the future.

However, there is an important distinction separating the two coins. First, Litecoin has a lifetime cap of 84 million coins, which is four times higher than the total amount of Bitcoin that can be mined.

This means that as demand grows, there will be a larger LTC inventory to achieve, at least initially.