Litecoin CFD Trading
Litecoin has established itself spil the leading competitor to Bitcoin, and now you can trade this titillating digital currency with AvaTrade. When you trade Litecoin CFDs with AvaTrade you can trade long or brief (buy or sell) instantly, so you can act on your analysis whether you’re optimistic or cynical about the future of digital currencies.
- Trade Litecoin with leverage Up to Ten:1
- Trade on the powerful MetaTrader Four podium
- Trade wherever you are with our free tablet and mobile apps
- Love the security of trading with a regulated broker
- Get live support te your language whenever the markets are open
- The Litecoin market is available to traders 24/7, for maximum convenience
- Both manual and automated trading platforms available
What is Litecoin?
An open source internet currency that permits for instant, near zero cost peer-to-peer payments across the world. The Litecoin blockchain is capable of treating higher transaction volumes unlike its forefather the Bitcoin.
This would be fairly due to it’s a more frequent block generation where the network supports more transaction without a need to modify any future software. Spil a result, merchants build up quicker payment confirmations.
The Science of Litecoin
Electronic mining of Litecoins presently allocates miners 50 fresh Litecoins vanaf block, of which this amount is halved every Four years or approximately every 840,000 blocks. The network for the Litecoin is set to produce 84 million Litecoins which sums up to Four times the amount of bitcoin units.
The distribution of Litecoins is done by wallet encryption, that secures the safety of the coins spil well spil permits you to view your transactions.
Why CFDs make sense for Trading Litecoin:
Spil CFDs permit you to speculate on the price of Litecoin future market movements, without physically wielding the coin. Traders whether buying or selling are able to agree to pay on the difference on the price even if it rises or falls. Te addition, they can to tapkast into the benefits and risks without actually possessing the coin and benefit from:
- Security – You don’t have to worry about your Litecoins being stolen. CFDs are a derivative product. Your potential profits are based on the movement of the Litecoin price but no Litecoins are bought or sold ter your name.
- Simpleness – Buying cryptocurrencies directly can be complicated. With AvaTrade CFD trading it’s spil effortless spil selecting Litecoin from a menukaart and clicking to sell or buy. It’s so plain you can do it on your mobile or tablet too.
- Get leverage of up to Ten:1 – Spil a financial derivative you can trade CFDs on leverage, meaning you can open a larger position te the market.
- Diversify – Spil one of the world’s leading CFD brokers AvaTrade offers a broad range of CFD products and Forex pairs for you to trade, all from a single toneelpodium.
Litecoin – Silver to Bitcoin’s Gold
Litecoin is a peer-to-peer, decentralised digital currency (also known spil a cryptocurrency) based on the Bitcoin system. The creators of Litecoin sought to adapt the Bitcoin specimen to develop a more stable and efficient currency.
There are several key differences inbetween Bitcoin and Litecoin, including the way coins are “mined”, security procedures, and the total number of coins destined to be produced.
Ter 2013 Litecoin’s value rocketed from less than $0.01 to more than $20. Could Litecoin go after Bitcoin’s lead and keep on rising te value? With AvaTrade you can come in and uitgang the markets, with our speedy execution and leveraged positions. Practice on our 21-day demo account and feel your way through trading Litecoins and getting to know your way around our platforms.
The maximum accumulated position size for Litecoin is Five,000 LITECOIN Mini (50 LOTS), details te our