Much like its other cryptocurrency counterparts, its price movement is characterized by exciting swings, frequent reversals and dynamic patterns. Litecoin was one of the earliest Bitcoin ‘spinoff’ cryptocurrencies launched in October of 2011. Litecoin is not only a peer-to-peer cryptocurrency but also an open-source software. Since its launch Litecoin has been one of the top ten cryptocurrencies according to market cap. Trade Litecoin with all of easyMarkets competitive conditions and tight spreads.
Just like other cryptocurrencies Litecoin isn’t issued by a Central Bank or a Government. This means it stays largely unaffected by macroeconomic policies if it doesn’t specifically apply to the cryptocurrency.
Cryptocurrencies in general are affected by supply, demand and trader/investor sentiment. During the many rallies we have seen prices move dynamically from historic highs, then correct downwards.
CFDs are arguably the easiest way to trade the price of Litecoin and the other cryptocurrencies easyMarkets offers. Trade without the need to sign up for a crypto wallet or exchange.
Trade Litecoin against the US dollar, giving you the ability to access more news and data. This allows you to make more strategic choices when trading the Litecoin/US dollar currency pair.
Buy or sell immediately without slippage on easyMarkets web and app platform.
Trade both upwards (i.e. going long) or the downwards (i.e. short selling Litecoin or going short) price movements.
Trade with a regulated broker. Access Risk management tools and conditions that help protect your account against run-away losses.
At no extra charge, access multiple types of integrated analysis. Choose from four different platforms depending on how you consume and what type of data you use when trading.
No need for a wallet or an exchange. With your easyMarkets account you can trade more than 200 instruments, including other cryptocurrencies like Bitcoin, Ripple, Ethereum and Litecoin.
easyMarkets has been offering trading to our clients since 2001. In our decades of experience, we have developed multiple ways to keep our customers and their funds safe.
Lengthy sign-up process. Transactions need to be matched i.e. a buyer needs to be found when selling Litecoin and the reverse, which can delay order execution.
Benefit only from buying low and selling high. This requires closely watching price movements to find the best moment to buy or sell, and even if you do, your order may not execute at the price you wanted.
Likely no risk management tools. Risk management is controlled manually by Litecoin trader.
Few if any exchanges offer integrated analysis solutions. Third party solutions may require a subscription or one-off payments.
Some wallets only support single cryptocurrencies. Finding an exchange with the conditions that fit your requirements may be a time-consuming process.
Exchanges have been victims of hacking, fraud and even loss of customers cryptos.
Instrument | Spreads From | 1 Contract | PIP Value | MIN Contract | MAX Leverage |
---|---|---|---|---|---|
BTC / USD | 85 | 1 Bitcoin | 0.01 USD | 0.01 Bitcoin | 1:400 |
XRP / USD | 0.006 | 1 Ripple | 0.0001 USD | 500 Ripple | 1:100 |
ETH / USD | 6 | 1 Ethereum | 0.01 USD | 0.1 Ethereum | 1:400 |
LTC / USD | 0.9 | 1 Litecoin | 0.01 USD | 0.5 Litecoin | 1:100 |
BCH / USD | 4 | 1 Bitcoin Cash | 0.01 USD | 0.5 Bitcoin Cash | 1:100 |
XLM / USD | 0.002 | 1 Stellar | 0.0001 USD | 500 Stellar | 1:100 |
ADA / USD | 0.007 | 1 Cardano | 0.0001 USD | 50 Cardano | 1:100 |
ALG / USD | 0.005 | 1 Algorand | 0.0001 USD | 50 Algorand | 1:100 |
SOL / USD | 1.25 | 1 Solana | 0.01 USD | 1 Solana | 1:100 |
UNI / USD | 0.15 | 1 Uniswap | 0.01 USD | 5 Uniswap | 1:100 |
DOT / USD | 0.10 | 1 Polkadot | 0.01 USD | 5 Polkadot | 1:100 |
LNK / USD | 0.20 | 1 Chainlink | 0.01 USD | 5 Chainlink | 1:100 |
ZEC / USD | 0.8 | 1 Zcash | 0.01 USD | 2 Zcash | 1:100 |
OMG / USD | 0.03 | 1 OmiseGO | 0.0001 USD | 40 OmiseGO | 1:100 |
MTC / USD | 0.01 | 1 Polygon | 0.0001 USD | 200 Polygon | 1:100 |
DSH / USD | 1 | 1 Dash | 0.01 USD | 1 Dash | 1:100 |
DOG / USD | 0.0015 | 1 Dogecoin | 0.0001 USD | 1000 Dogecoin | 1:100 |
XMR / USD | 1.5 | 1 Monero | 0.01 USD | 0.50 Monero | 1:100 |
CHZ / USD | 0.0030 | 1 Chiliz | 0.0001 USD | 500 Chiliz | 1:100 |
AVA / USD | 0.45 | 1 Avalanche | 0.01 USD | 2.5 Avalanche | 1:100 |
October 6 to October 26, 2024 - GMT Time
Trade multiple ways with easyMarkets including TradingView, MT4, MT5, and easyMarkets award winning native platform or mobile app.
Efficiently user-friendly, with powerful analytical and risk management tools.
Access markets anywhere you have internet access. A full featured platform for iOS and Android.
No slippage on limit orders, Trading from charts, tight fixed spreads and deep market analysis.
The popular Metatrader platforms for experienced traders are available to trade on with easyMarkets.
Giving you even more choice when trading, easyMarkets offers Bitcoin as a base currency. Deposit Bitcoin, trade any of our 200+ instruments, and withdraw Bitcoin. This unlocks an entirely new way to hold your cryptocurrency assets, while also giving you the ability to trade with them, without ever needing to exchange your funds to FIAT currencies.
Benefits of easyMarkets Bitcoin Base Currency Account
Deposit cryptocurrencies and credit your account with a FIAT currency. Choose from Bitcoin, Ethereum, Litecoin, Tether (ERC20), Tether (TR20), and Bitcoin Cash. This new payment processing method, powered by our partner Paymero, allows traders to use their cryptocurrencies to trade our over 200+ instruments including stocks, indices, commodities, Oil, metals, currencies and other cryptos.
The process is simple and secure – you deposit your cryptocurrency of choice and your trading account is credited with the equivalent FIAT base currency.
Benefits of Depositing in Cryptocurrencies
One the biggest benefits of trading Litecoin or any of the cryptocurrencies easyMarkets offers is security. easyMarkets is a regulated broker, that keeps client funds in segregated accounts. There are many unregulated cryptocurrency exchanges on the internet and even creditable exchanges have been subject to attacks and ‘cyber-heists’ by hackers. It’s also convenient, you can trade multiple cryptocurrencies without the need for a wallet or to sign up for an exchange. In fact your easyMarkets account allows you to trade even more instruments including shares, commodities, precious metals, indices and currencies.
easyMarkets also offers unique trading tools that you wouldn’t have access to on an exchange. Undo losing trades within 6 hours for a small fee with dealCancellation, or trade with locked-in maximum risk without restricting your potential upside and without spreads with easyMarkets. Pause live rates momentarily during volatility to open or close trades when markets are moving. You can trade both upwards and downwards trends, something that you can’t do when you trade Litecoin directly from an exchange. With easyMarkets you also have access to leverage, another trading condition not available to you when trading Litecoin or other cryptocurrencies on an exchange.
Although easyMarkets instrument offerings are constantly expanding, at the moment we offer our traders Bitcoin, Ripple, Ethereum, Litecoin, Bitcoin Cash and Stellar. This gives them the choice depending on their investing and trading goals and strategies.
Each cryptocurrency has a different set of characteristics that affect its price movements. One of the biggest distinctions between Litecoin and Bitecoin, is the price. In the beginning of 2021 Bitcoin surged but held its value around 40,000 & 50,000. Litecoin on the other hand surged momentarily above $200 but stayed between $120 to $170, making it a bit more accessible than its ‘older brother’.
Blockchain is a type of database, recording transactions in blocks of data that are chained together. A new block is created every time a block is full and it is chain to the succeeding block. Although blockchain can store various types of data, it is usually a ledger dedicated to recording cryptocurrency transactions.
Litecoin is cryptocurrency or a virtual currency. Like its older brother Bitcoin, it is blockchain based, but with distinction that Litecoin is also an open-source software. You can trade Litecoin just like Bitcoin and it actually was initially designed to be a compliment to Bitcoin.
Exactly how you would trade any other CFD instrument. If you expect the currency pair Litecoin/US dollar to drop, you ‘sell’ when you think the price is going to go up you ‘buy’. Of course trading involves much more than this simple ‘buy’, ‘sell’ transaction. If you want more information regarding the fundamentals of trading visit our Learn Centre for videos, articles and even lessons about trading.
Simply it is any cryptocurrency or virtual currency that isn’t Bitcoin. Litecoin is one of the few first ‘coins’ to succeed the king of Cryptocurrencies; Bitcoin.
*dealCancellation terms apply.
dealCancellation© is a patent pending under the “Easy Cancellation Option” application number 62334455.
We accept Facebook chat requests
Monday-Friday 8:00-22:00 GMT +2GMT +3
We accept WhatsApp chat requests
Monday-Friday 8:00-22:00 GMT +2GMT +3
Thank you
One of our customer service representatives will get back to you soon.
If your enquiry is urgent you can chat with us here
Request failed
Something went wrong. Please try again.
If your enquiry is urgent you can chat with us here
Hi! Welcome to easyMarkets. Just letting you know we're here if you have any questions or need some assistance, I hope you enjoy your stay.
Request failed
Something went wrong. Please try again.
We accept WeChat requests
Monday-Friday 8:00-22:00 GMT +2GMT +3