The current supply of Litecoin (LTC) is determined by its protocol and follows a predetermined schedule. Litecoin's maximum supply is capped at 84 million coins, which is four times the maximum supply of Bitcoin. This limit was set to provide a larger supply of coins and faster block generation times compared to Bitcoin.

The distribution of Litecoin occurs through a process called mining. Miners solve complex mathematical puzzles to validate transactions and add new blocks to the blockchain. As a reward for their efforts, miners receive a certain amount of newly minted Litecoins. This process helps secure the network and ensures the creation of new coins.

The distribution of Litecoin is ongoing, and as of my knowledge cutoff in September 2021, a significant portion of the total supply had already been mined. However, it's important to note that the specific distribution percentages may have changed since then due to mining activities.

Litecoin's distribution is decentralized, with miners and individual holders acquiring and trading the cryptocurrency on various exchanges. It is important for investors to exercise caution and choose reputable platforms for purchasing and storing Litecoin securely.

Litecoin is a cryptocurrency that was designed to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology. As of January 2024, there are 73.76 million LTC in circulation. The total supply of Litecoin is capped at 84 million LTC. The remaining Litecoin is expected to be mined over time. The distribution of Litecoin is primarily through mining rewards and market trading. Large miners that have accumulated Litecoin from years of mining and crypto exchanges hold the biggest wallet addresses. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments. Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011. Since then, it has exploded in both usage and acceptance among merchants and has counted among the top ten cryptocurrencies by market capitalization for most of its existence.