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Litecoin is the fourth largest cryptocurrency by market capitalization. Litecoin is an exciting financial instrument and highly tradable. However, it is crucial to only trade Litecoin with a reliable forex broker. The following features of top-class forex brokers will give you an advantage with Litecoin trading:
- Various order types
- Regulated and fair dealing
- Easy account opening, deposits, and withdrawals
- Superior execution speeds
- Dedicated customer support
- Infrastructure redundancy – hardware, software, and connectivity
- Reliable and smart order execution
- Robust and proven trading platforms
- Deep liquidity pools
Choosing a Respected Litecoin Broker
Ready to turn Litecoin trading ideas into cash? Check out these reputable forex brokers who offer easy-to-trade litecoin contracts for difference (CFDs):
- Broker
- Benefits
- Regulation
- Min. Deposit
- Instruments
- Zero commission and no withdrawal fees
- No deposit required – $25 award
- Numerous trading tools
- Free trading webinars
- Speedy trade execution
Open a Markets.com Account Now!
- Free Practice Account
- Unique OpenBook social trading platform
- Trade cryptos 24/7, 365 days a year
- Copy professional traders’ crypto trades
- Trade cryptos with 1:1 leverage
- Speedy account setup
75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
- Positions stay open overnight and over weekends
- 5:1 leverage on litecoin
- Use MetaTrader4 or AvaTradeAct
- Use Autochartist (award-winning technical analysis tool)
- MetaTrader4 and Webtrader platforms
- Low spreads
- Excellent education centre
- Dedicated account manager
- Access to Trading Central (Gold and Platinum members)
Why Trade Litecoin?
The price of Litecoin has grown exponentially in a really short time, surpassing the highest expectations. Besides yielding unheard-of returns, trading Litecoin offers the following advantages:
- Big potential as a valuable safe haven asset and hedge against the failure of fiat currencies, governments, and central banks
- A dynamic way to diversify investment portfolios
- The fourth largest market capitalization among cryptocurrencies
- Traded around the clock, 365 days a year
- One of the world’s most liquid cryptocurrencies
How to Trade Litecoin – A Swift Guide
Litecoin is traded on the above-mentioned forex brokers’ trading platforms with contracts for difference (CFDs). It’s just as simple as trading other financial instruments like commodities, indices, and forex currency pairs. When trading Litecoin, you can also use a stop loss, take profit, and any of the different entry orders offered by these brokers.
A safe way to trade litecoin is with low leverage or zero leverage. Buy-and-hold trading strategies have performed really well in the litecoin market. Of course, short-term trading strategies can also be successfully implemented on this powerful and unique cryptocurrency.
Author : Michael Fasogbon
Article Info
Last Updated: October 14th, 2022
