Why is LTC slow?

Could you please elaborate on the reasons behind the slowness of Litecoin (LTC)? I've noticed its transaction speed seems to lag behind some other cryptocurrencies, and I'm curious as to what factors contribute to this? Is it due to the underlying technology, the network's scalability, or perhaps something else entirely? Could you also explain how Litecoin compares to other cryptocurrencies in terms of speed and efficiency? I'm particularly interested in understanding what LTC is doing to address this issue and improve its performance. Thank you for your insights.