What LTspice Is
LTspice is a free SPICE-based circuit simulator originally developed by Linear Technology and now maintained by Analog Devices after its acquisition of Linear Technology. SPICE (Simulation Program with Integrated Circuit Emphasis) itself dates back to the University of California, Berkeley in the early 1970s, built as a way to mathematically predict how a circuit behaves before committing it to physical hardware. LTspice's specific appeal is that it packages real SPICE simulation into a fast, genuinely free tool with an enormous built-in library of real op-amp, regulator, and power-management device models drawn from the Analog Devices/Linear Technology catalog — which is a major reason it remains the go-to free tool for analog and power electronics designers despite commercial alternatives like PSpice existing.