Who is Charlie Lee, the founder of Litecoin?
Litecoin has a maximum supply of 84 million coins, and the block reward is halved every 840,000 blocks, roughly once every four years.
A shorter block time means transfers can receive their first confirmation sooner, but large transfers are generally still held until they have several more confirmations before being considered complete.
$LTC is the Litecoin launched by Charlie Lee in 2011.

Just a note, not operational guidance.