This comprehensive guide has everything you need to know about trading LTC. BTC exchange that has to do with individual investors, will also provide multiple options for dealing with other alternative crypto coins and tokens. The more options you’re facing — the cooler is the exchange!

• You may buy Litecoin on an exchange and hope that you’ll be able to sell it at a higher price.
• PrimeXBT Trading Services LLC is incorporated in St. Vincent and the Grenadines as an operating subsidiary within the PrimeXBT group of companies.
• The network seems to choose features that are on the Bitcoin network.

Litecoin can be traded to fiat currencies and as a cryptocurrency pair with BTC, ETH, DASH, and other altcoins. You can combine it with the Moving Average indicator to find the right moment to trade LTC with another cryptocurrency. If OBV trades above the exponential moving average , you should consider buying Litecoin.

Litecoin Trading

Therefore, its network shares the same benefits as Bitcoin in being the pioneers of the sector. You need to be wary of phishing scams, viruses, and other risks. You also need to keep very careful track of your wallet’s access codes. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control.

The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice. The content is provided on an as-is and as-available basis. Trading any financial instrument involves a significant risk of loss. Commodity.com is not liable for any damages arising out of the use of its contents.

How To Sell Litecoin (LTC)?

So you don’t need an exchange account to get started, and you can open short positions as well as long ones. After each transaction successfully carried out on Breet, you instantly get free reward points for trading with us! For every time you receive 1 dollar in your Breet wallet, you will receive 1 free reward point. Your reward points can be redeemed for airtime, or even for cash as soon as you have up to 1000 points. For new users, you automatically receive 700 reward points for signing up.

You can use Bitfinex mobile to buy how to trade litecoin while on the go. Once the funds arrive in your wallet, you can use them to ETH buy LTC. Test your skills, knowledge and abilities risk free with easyMarkets demo account. Based on your selection, you will register for an account with EF Worldwide Ltd, which is authorised and regulated by the Financial Services Authority of Seychelles . Quick and convenient way to deposit and use your Bitcoin assets without exchanging them to FIAT.

Rubix employs the latest safety measures and has a proven track record for fair, efficient https://www.beaxy.com/. Of retail investor accounts lose money when trading CFDs with this provider. Like its older brother Bitcoin, it is blockchain based, but with distinction that Litecoin is also an open-source software.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Therefore, futures trading is an alternative to buying and selling the underlying cryptocurrency . It is possible to make a profit in spot trading by purchasing Litecoin at a cheap price and then selling it when its value rises. However, you can only make money with this transaction if the price of Litecoin is rising.

STEP 7. Choose the price direction: Buy when you are bullish, Sell when you are bearish

Litecoin is a digital currency that was intended to be a ‘lighter’ alternative to Bitcoin. Although the future is uncertain, cryptocurrency is proving itself to be more than just a fad. Today cryptocurrency is shaping up to be a growing market that is likely here for the long haul.

Cryptocurrencies are still relatively new for most people and can be extremely volatile. We want our clients to have access to in-depth educational materials to support their trading. No content on Webull website shall be considered a recommendation or solicitation for the purchase or sale of any investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends. Remember to back up your wallet accordingly before you transfer your coins to the wallet. Once the order has been executed, you will receive your LTC in your exchange wallet.

What is Litecoin Trading?

Electronic mining of how to trade litecoins started by allocating miners 50 new Litecoins per block. This amount was halved every four years or approximately every 840,000 blocks. The network for the Litecoin is set to produce 84 million Litecoins, which equals up to 4 times the amount of Bitcoin units. The distribution of Litecoins is done by wallet encryption that secures the safety of the coins as well as allows you to view your transactions. As well as trading litecoin at the current price, you can select your preferred entry level. You can also add stops and limits to your positions to manage your risk or lock in profits.

The right exchange can add additional protective measures to ensure your identity and financial data is secure. We’ve developed a unique exchange platform that doesn’t collect any of our user information. Rubix also has a multi-factor authentication system so that your private key is never exposed. A faster block confirmation means more transactions can be processed within the same timeframe. In the long run, it could mean more use cases and potential for growth, which may lead to broader adoption.

Fortunately, in May 2021, the Litecoin price hit its all-time high of $225.79 thanks to Bitcoin’s success. When trading with AvaTrade you are trading on the price changes of the digital coin, and not physically purchasing it. As a financial derivative, you can trade CFDs on leverage, meaning you can open a larger position in the market. Litecoin is best at quick, instant, relatively low value exchanges, whereas, Bitcoin is better at more secure exchanges for high values that do not need to be exchanged as quickly. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority.

However, there are also several key differences between the two. Whichever platform you use, you can select the size of your position in deal ticket, which will determine your profit or loss. Then if you’d like to open a long litecoin position, hit ‘buy’. You’ll need a leveraged trading account to start speculating on litecoin CFDs. Many point to litecoin’s wider supply as a key reason for its lower price point than bitcoin. Despite launching two years later, there are far more litecoins available on the market – and faster transactions ensure that supply remains fluid.

If the price of litecoin rises you will be able to sell for a profit, because it is now worth more USD than when you bought it. If the price falls and you decide to sell, then you would make a loss. Litecoin was designed to be used for cheaper transactions, and to be more efficient for everyday use. In comparison, bitcoin was being used more as a store of value for long-term purposes.