The LTC to BTC is quite an attractive pair for traders as it is composed of highly popular cryptocurrencies and has the potential to offer a higher number of trading signals. During a day the Litecoin to BTC might move sideways with major breakdowns and fluctuation of more than 3 per cent. Litecoin price chart price chart Trading pairs Market Depth chart LTC to BTC Order Book LTC to BTC Time & Sales LTC / BTC. 24crypto.de Exchange ; Market Overview ; System Monitor. Why is Litecoin important to traders? Litecoin (LTC) is cryptocurrency that is an off-spring of Bitcoin created by Charlie Lee in Litecoin was designed to allow peer-to-peer payments that are instant and very low-cost. It’s one of the top 5 biggest cryptocurrencies in terms of market capitalisation.
Trading ltc bitcoinTrade Litecoin (LTC): Your guide to Litecoin trading | 24crypto.de | Trade now
AI technology. Trade now. Go to market page. Litecoin was designed to allow peer-to-peer payments that are instant and very low-cost. The creation and transfer of Litecoin is based on an open-source cryptographic protocol, and is not managed by any central authority. Litecoin is not a hard fork a substantial change to the blockchain of a cryptocurrency of Bitcoin, as it uses a different blockchain, but it is considered a fork of the network that underlies Bitcoin — differed by decreased block generation time, increased maximum supply of coins and slightly different functional algorithms.
Litecoin was conceived as a complementing, rather than competing, cryptocurrency to Bitcoin. 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. This is why they are complements. An individual has two options when trading in the cryptocurrency market.
Firstly, they can buy actual cryptocurrency on exchanges, such as buying Litecoin on an exchange like Bitfinex, so they own the Litecoin themselves. This is considered a long-term investment, as the individual is waiting for the price to rise significantly, so they can sell their crypto coins on an exchange.
Alternatively, they can trade a contract for difference CFD on a particular cryptocurrency, and speculate on the price difference. A CFD is a financial instrument, which is a contract, typically between a broker and an investor, where one party agrees to pay the other the difference in the value of a security, between the opening and closing of the trade.
You can either hold a long position speculating that the price will rise or a short position speculating that the price will fall. This is considered a short-term investment as CFDs are used within shorter timeframes. There are pivotal differences between buying a cryptocurrency and trading a CFD in a crypto market.
When buying cryptocurrency, it is stored in a wallet, but when trading CFDs the product is stored in your account, which is regulated by a financial authority. You are more liquid when you purchase CFDs because you are not tied to the asset, you have merely purchased the underlying contract. As well as this, CFDs are a more established and regulated financial product. Sign up at Capital. Litecoin LTC is a cryptocurrency designed to provide faster and cheaper payments compared to Bitcoin, for relatively smaller values, thus complementing Bitcoin.
Cryptocurrencies can be split into either: utility tokens, providing access to the services provided by a particular project; security tokens, something representing an underlying asset; or a payment token like Bitcoin. A cryptocurrency is a digital asset conceived for use as a medium of exchange, which uses cryptography to secure transactions, control the supply of additional units, and corroborate transfers. In short, cryptocurrency is a decentralised electronic currency.
For instance, Litecoin can be stored in an online wallet, or alternatively in an offline electronic wallet, and it can even be stored physically in hardware. Advanced AI technology at its core: A Facebook-like News Feed provides users with personalised and unique content depending on their preferences.
If a trader makes decisions based on biases, the innovative News Feed offers a range of materials to put him back on the right track. The neural network analyses in-app behaviour and recommends videos, articles, news to polish your investment strategy.
Trading on margin: Providing trading on margin up to for cryptocurrencies , Capital. You only speculate on the rise or fall of the Litecoin price. CFD trading is nothing different from traditional trading in terms of strategies. A CFD investor can go short or long, set stop and limit losses and apply trading scenarios that align with his or her objectives. All-round trading analysis: The browser-based platform allows traders to shape their own market analysis and forecasts with sleek technical indicators.
Focus on safety: Capital. Charlie Lee, an employee at Google at the time, released Litecoin in October designed to be a quicker, lower transactional cost cryptocurrency, intended to make relatively low value transactions. In December , Lee announced that he had sold almost all of his Litecoin holdings because of a perceived conflict of interest. He had been criticised for tweeting whilst holding Litecoin, accused of attempting to make personal gain because this had a possible price effect on Litecoin.
Before buying Litecoin , you will need a place to store it. This is what a wallet is for, and it consists of two elements: a private key and a public address. A wallet requires a private key, specific to the individual, that enables access to the Litecoin address stored in the wallet, which is also the public key. The wallet is what enables Litecoin, or any cryptocurrency, to be a secure medium of exchange.
Some individuals choose to keep their coins in their wallet provided by their cryptocurrency exchange, due to the fact that a lot of exchanges have mobile apps that allow people to easily buy, sell and spend cryptocurrencies. Cryptocurrency exchanges or online wallets are far from immune to the dangers of cybertheft.
The infamous case of the Mt Gox Bitcoin exchange highlights this. Historically, Mt Gox was the largest global exchange for Bitcoin, until it declared bankruptcy in after its security had been compromised. Litecoin has remained a very popular cryptocurrency over time, holding in the top ten largest by market cap for the past several years.
Along with that the price action of Litecoin remains extremely volatile and active, making this one of the better cryptocurrencies for trading purposes. In and Litecoin has seen several peaks and valley, with its price doubling in some cases within months, or being cut in half in the same short period of time.
While this volatility does increase the risk or trading Litecoin, it also dramatically increases the potential rewards. Litecoin is a digital asset and as such there are no centralized exchanges for trading Litecoin. In fact, as a peer-to-peer technology you could trade Litecoin with a group of friends if you wanted to do so. Because Litecoin does require an understanding of how these new cryptocurrency exchanges work, as well as the workings of wallets and private keys, we recommend traders avoid buying actual Litecoin and simply trade CFDs to profit from the price action of the cryptocurrency.
Given the extreme price changes seen in the coin we prefer to use technical analysis for trading Litecoin. A strategy that uses breakouts, support and resistance, and oscillators to identify overbought and oversold levels should work quite well.
Also, unless you are planning on holding Litecoin as an investment we recommend you avoid the actual purchase of the cryptocurrency and instead use CFDs to focus solely on the price action and potential profits to be made by trading Litecoin.
Still don't have an Account? Sign Up Now. Litecoin Trading. Register Now or Try Free Demo. Trade on Litecoin Price Changes in 3 Steps:. Trade on Litecoin Now. Other Cryptocurrencies You Can Trade:. Is it a good idea to trade Litecoin? Where can I go to trade Litecoin? Safe and Secure.