Advantages:

1. Low inductivity.

2. Coated strands don't corrode.

3. Embodiments tend to Have good conductor resistance and inductance to cable capacitance ratios.

Disadvantages:

1. Resonant or wooly sound in traditional configurations due to strand multiplicity and harmonic interaction.

Litz wire has been the standard for conductors since the time of Tesla. The principals of Litz are embodied in all the successful designs. Litz in recent years has been reduced to standard stranding patterns using magnet wire in place of bare copper. This works well in RF applications, but is too resonant for present-day audio standards.

Solid Round
Bare Stranded Wire
Multi-Gauge Stranded Wire
Litz Wire
Clear Tubular Litz
Parallel Multi Solid Core
Constant 'Q' Stranding (Golden Section)
Matched Propagation
Conclusion