Litecoin (LTC) is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It is an open source global payment network that is fully decentralized without any central authorities. More About Litecoin
What is Litecoin Faucet
The most fast way to earn LTC is to use a faucet. A Litecoin faucet is a reward system which pays Litoshi as a reward for doing small tasks like solving captcha, viewing ads etc.
What is Litecoin wallet
If you wish to work with Litecoins, you should possess a Litecoin Wallet first. It allows you to store Litoshis, send and receive payments immediately. Just like a bank account, your Litecoin wallet has an assigned unique wallet address.
Here is a list of the Best Litecoin Wallets for secure Litoshi storage.