Is Litecoin a good cryptocurrency to buy in 2024?

Could you elaborate on whether Litecoin is a viable investment option for the cryptocurrency market in 2024? Given its track record of stability, technological advancements, and community support, does Litecoin offer promising prospects for investors? Additionally, how does it compare to other major cryptocurrencies in terms of market capitalization, transaction speed, and scalability? Furthermore, what are the potential risks and challenges associated with investing in Litecoin, and how should investors mitigate these risks? Your insights would be greatly appreciated in helping to make an informed decision on this matter.