Choosing the right Litecoin wallet is crucial, mainly divided into hot wallets and cold wallets. Hot wallets are convenient for daily transactions, while cold wallets offer secure storage. Recommended hardware wallets include Ledger and Trezor, and software wallets like Exodus are suitable for beginners. When selecting a wallet, consider the asset size, usage frequency, and technical familiarity, while also paying attention to security measures and backup options. Proper wallet usage is essential; download from official websites, set strong passwords, and back up regularly.