LiteSpeed is better any day, But is not free, unlike Nginx.
However, Nginx does a great job. If possible, Use Nginx with Varnish instead. That is better than LiteSpeed, a little bugs at times, but does a great job.
That purely depends on your website requirements. If you can run on NginX, I'd highly suggest to use it as it is free and performance wise, it is very good. Litespeed however have more functionalities and better support.
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