What is it?
Litecoin is a decentralized crypto- or digital-currency, a form of electronic cash. Litecoin has no central bank or single administrator and can be sent globally from user-to-user without the need for intermediaries. Litecoin was an early bitcoin spinoff or "altcoin" and is released under the MIT/X11 license. Litecoin has much faster block mining speed resulting in faster transaction times and is therefore much better suited than Bitcoin for day-to-day payment transactions.
I want to learn more about Litecoin!
Go to the Official Litecoin website.
I want to learn more about the technicality of Litecoin!
Unfortunately, there is no Litecoin whitepaper available. At the time of creation, there were very few alts coins and because the codebase between Bitcoin and Litecoin is very similar, no white paper was written.
Do I have to buy 1 full Litecoin?
No! You can buy as little as 0.00000001 Litecoin.
Why is Litecoin so volatile?
Like all cryptocurrencies, Litecoin is more volatile than fiat currencies with market price being closely linked to its perceived value. This allows various factors, including media coverage to easily cause price fluctuations.