What can you do with Litecoin?

So, I'm wondering, what are the possibilities with Litecoin? Is it just another digital currency to buy and hold? Or can you actually use it for something? I've heard about its faster transaction speeds compared to other cryptocurrencies, but how does that translate into real-world applications? Are there merchants that accept Litecoin? Can you make payments easily, or is it still a bit of a hassle? Also, how does Litecoin's value compare to other coins? Is it a good investment? And if so, what kind of strategies would you recommend for someone looking to get started with Litecoin? I'm really curious to know more about its potential.