Litecoin was created in 2011 and went live on October 13 2011. It was created by Charlie Lee with the aim of improving on Bitcoins
pre segwit spe Litecoin
ed of about ten minutes Litecoin achieved a block generation time of one per 2.5 minutes.
Lee kept Litecoin similar to Bitcoin in many ways this has meant as in contrast to Bitcoin cash that Litecoin can adopt segwit ,Lightning and atomic swaps . The first lightning transaction occurred on litecoin when Lightning Network transaction was completed through Litecoin, transferring 0.00000001 LTC from Zürich to San Francisco in under one second.
However with the growth of segwit use throughout the Bitcoin community Litecoins point of differentation no longer exists .
Charlie Lee sold his holdings of Litecoin shortly before the adoption of segwit gained so much motion that it substantially reduced fees citing a perceived conflict of interest between his commentary on the coin and his holding the coin. Also stating that he believes that Litecoin will lose value .
This I think qualifies him as one of the smarted operators in cryptoland . In that he started years before the mob, kept up with all developments and got out well before the end of Litecoin which with no differentiation to Bitcoin is likely to be on a long journey to irrelevance
