Requirements I use:

• Debian 11 installed on your system or a Virtual Machine

• At least 150GB of available space if you want to run a Full node

• A stable internet connection

• Basic knowledge of the command line

Installation:

Optional: you can also download the official binary from the Litecoin releases page so no compilation required.

1. Open your terminal and update your system packages:

sudo apt update && sudo apt upgrade -y
sudo apt install build-essential libtool autotools-dev automake pkg-config bsdmainutils curl git libssl-dev libevent-dev libboost-system-dev libboost-filesystem-dev libboost-chrono-dev libboost-program-options-dev libboost-test-dev libboost-thread-dev libdb-dev libdb++-dev libminiupnpc-dev libzmq3-dev -y

2. Clone the Litecoin source code from Github:

git clone https://github.com/litecoin-project/litecoin.git

3. Build and install Litecoin:

cd litecoin
./autogen.sh
./configure
make
sudo make install

Configuration

1. Create the Litecoin data directory:

mkdir ~/.litecoin

2. Add the following lines to the litecoin.conf file:

nano ~/.litecoin/litecoin.conf

And write this;

rpcuser=<your username>
rpcpassword=<your password>
daemon=1
listen=1
server=1
rpcallowip=127.0.0.1
rpcport=9332
testnet=0

Replace <your username> and <your password> with your preferred values.

3. Save and close the litecoin.conf file.

4. Create a litecoin.service

sudo nano /etc/systemd/system/litecoin.service

and write this (change user by your Debian user):

[Unit]
Description=Litecoin Core
After=network.target

[Service]
Type=simple
User=user
ExecStart=/home/user/litecoin/bin/litecoind

[Install]
WantedBy=multi-user.target

and reload systemd services and enable litecoin.service with:

sudo systemctl daemon-reload
sudo systemctl enable litecoin

Running the Litecoin Node

1. Start the Litecoin daemon:

sudo systemctl start litecoin

2. To check the status of the Litecoin service, run:

systemctl status litecoin

you will see the following:

As you can see from the output above, the Litecoin node is running as expected. It's actively connected to the Litecoin network and is receiving new blocks and transactions in real time. This provides me with a high level of confidence in the security and accuracy of my Litecoin transactions.

In conclusion, setting up your own crypto node may require a bit of extra effort, but the benefits are well worth it. By compiling the software yourself, you can ensure that your node is secure and trustworthy. And by running your own node, you can directly interact with the Litecoin network and verify transactions, giving you a deeper understanding and appreciation of the underlying technology.