Obviously, when you install Litewallet, you start with a zero balance. But, once you do get Litecoin, what do you do next?
There are few ways to withdraw Litecoin from Litewallet!
The most simple is to spend Litecoin directly. Litecoin was launched in 2011. So, businesses have accepted payment in Litecoin for years!
Overstock.com, Travala.com and Cheapair.com are some great examples.
Some people like to gift or exchange Litecoin with other people. Just have them download a Litecoin wallet like Litewallet and have them send you an LTC address. (You could also donate to the Litecoin Foundation by entering : litewallet-donation.crypto in the Send window.)
Finally, you can sell your Litecoin on an exchange for your local currency. First just open an account at a crypto exchange such as Coinbase, Binance, Kraken or similar. Then you select the Litecoin section and send to the generated address.
You then sell your Litecoin there for local currency and withdraw to your connected bank account.