Say we have two series, $\sum a_n$ and $\sum b_n$.
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The comparison test requires $a_n \le b_n$ (or vice-versa) for all $n$ and $a_n, b_n \ge 0$ for all $n$.
Then, if $\sum b_n$ is convergent, so is $\sum a_n$.
If $\sum a_n$ is divergent, then so it $\sum b_n$.
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The limit comparison test does not require that $a_n \le b_n$ (or vice-versa) for all $n$.
So, if you have $a_n \ge 0, b_n > 0$ for all $n$, you define $c = \lim_{n \to \infty}\frac{a_n}{b_n}$.
If $c$ is positive and finite then either both diverge or both converge.
Explanation: The comparison test is easier to implement, but it has a strict requirement that the limit comparison test does not have ($a_n \le b_n$ or vice-versa for all $n$). This is useful because it allows one series to serve as a bound for the other.
If this condition is not met, then you should use the limit comparison test, as it does not have this requirement.