Bitcoin is the virtual currency used for payments. Bitcoin is also called crypto currency which is a digital payment tool. while Litecoin is a crypto currency created in 2011 using open software (Open-Source Software) under the MIT / X11 license. Mining can be done using a GPU graphics card with a Scrypt-based PoW (Proof-of-Work) algorithm. Meanwhile, according to Litecoin.org's official website, Litecoin is the P2P (Peer-to-Peer) Internet currency that allows instant payment payments close to zero to anyone in the world.

Litecoin is Open-Source (open for general development), and is a fully decentralized global pay network without central authority. Compelling mathematical algorithms secure networks and empower individuals to control their own finances. Litecoin has faster transaction confirmation times and better storage efficiencies than other leading cryptographic currencies. With substantial industry support, trading volume and liquidity, Litecoin is a proven commercial medium with Bitcoin.