I would say that Litecoin is a lot like Bitcoin, and is a decentralized kind of digital currency. It uses the same encryption techniques to transfer and create funds and to confirm transactions. The difference between Bitcoin and Litecoin though, is that Litecoin has a larger amount of coins that can be created, also Litecoin has faster transaction rates as well. I think these facts alone make it one of the better cryptocurrencies to invest in today.