Litecoin is the second big cryptocurrency to emerge from Blockchain-land and is considered the silver to Bitcoin's gold.
Armed with faster block confirmation rates and an alternative mining algorithm, Litecoin is a worthy adversary to Bitcoin,
but fights an uphill battle against its newer, shinier competition in the ever-growing sea of alt-coins. (edit: Litecoin has Segwit...to the moon!)
The Litecoin Swagnet is not a real Litecoin. It's a Swagnet!