Litecoin wallets play a crucial role in storing and managing LTC (Litecoin) as they act as digital wallets that securely store the private keys needed to access and manage your Litecoin. These wallets allow you to send, receive, and store your Litecoin, as well as view your transaction history and current balance. There are different types of Litecoin wallets, including hardware wallets, software wallets, and online wallets, each providing varying levels of security and accessibility. It is essential to choose a reliable and secure Litecoin wallet to ensure the safety of your LTC holdings.