Li-Fi is a visible light, infra red communication technology, i.e., it belongs to Optical Wireless Communication. Line of Sight applications can use Li-Fi, and also Li-Fi has very less interference problem from other Li-Fi devices, because it can not overlap.
WiFi: Only one access point or wireless router is enough for whole home for connectivity, because it can reach devices which are not in line of sight.
Li-Fi is much faster than Wi-Fi but limited to the direction and area.
Hence, we can visualize that in future Li-Fi will have its own application, and Wi-Fi will have its own application, both together will make our life easier with respect to connectivity.
Mostly Li-Fi will be at home or office and Wi-Fi will be at road, cafe and restaurants.
Because at home we can plan and place the devices and direct , outside add hoc places, Wi-Fi work very well.
If some abstacle comes inbetween, Li Fi may not work, Wi- Fi continues to work.
Below figure explains some of the applications :
Source:https://www.quora.com/Is-li-fi-future-wifiphotos are taken from http://www.libelium.com and http://www.iflscience.com
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