Litewallet is a free iPhone application developed by Litecoin Foundation Limited. It focuses on providing security and simplicity to users who want to get started with Litecoin. With Litewallet, users can easily send and receive Litecoin at the touch of a button, anytime and anywhere.

One of the main features of Litewallet is the ability to buy Litecoin directly within the app. Users can make a purchase and receive the deposit within minutes, making it convenient and efficient. Additionally, Litewallet offers a unique feature where users can enter their friend's Unstoppable Domain instead of typing in the full Litecoin address. This makes the process precise and quick.

To ensure the safety of users' Litecoin, Litewallet allows for easy backup and recovery on any device using the 'recovery phrase' generated by the app. Even if the phone is lost, the Litecoin will not be lost. Furthermore, there are no hidden servers to backup or store coins, giving users complete control over their assets.

Litewallet also offers a direct connection to the Litecoin Network with simple payment verification. Users do not need to store the entire blockchain as Litewallet is ready to use whenever they need it.