This new derivative is an improvement because of better bandwidth availability and faster transaction and mining capacities. This means that LCC will be generated in a stable rate and blocks processed faster. Litecoin cash utilizes the Scypt hash which permits the use of otherwise obsolete Bitcoin mining hardware.
The fork means that Litecoin cash will always exist in the shadow of Litecoin (LTC) much Bitcoin cash. Litecoin cash coin works in the same way that LTC operate. Presently, there are 840M LCC existence and about 578M LCC in total circulation.
The essence of a forked coin is to improve on the scalability and such related issues from the mother coin. Accordingly, LCC offers better difficulty adjustment and has lower transaction fees. The result is a better platform in terms of ease of mining especially with regard to costs. Notably, LCC supports the Segwit blockchain which increases block size limit by getting rid of signature data from transactions.
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