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This name would be well suited to a retail or e-commerce company.
The name "LootHost" has eight characters and just two syllables. Two-syllable names are highly rare and very prestigious. Established brands using two syllable names include Visa, FedEx and Dropbox.
This domain was first registered in December 2018. Older domains have an advantage when ranking in search engines.
Loothost.com is a dot-com domain. Dot com domains are the most desirable top-level-domain in the world, used by famous websites like facebook.com. Once secured, a dot-com all but guarantees no-one else can outrank you for your own name in the long run.
One suggestion for how this name could sound when used.