Why trading Litecoin makes sense?

Litecoin is among the oldest and most trusted cryptocurrencies, earning it a top spot in the top ten cryptocurrencies by market cap for a number of years running. Like Bitcoin, Litecoin is a cryptocurrency with enormous long-term projected growth. Profitablefundbase offers ultra-fast order execution and tight spreads on all assets. Trading Litecoin on Profitablefundbase enables traders to take advantage of all the trading tools needed to execute successful Litecoin trades. Traders can rest assured their personal data and funds are safe at all times, due to Profitablefundbase’s unwavering commitment to privacy and security. The platform features additional security features such as address whitelisting, two-factor authentication and much more. With a highly customizable user interface, helpful widgets, how-to video guides and tutorials, a 24/7 support staff, and all the tools a trader could need, Profitablefundbase is a one‑stop‑shop for new and experienced traders alike.

Litecoin is a crypto altcoin that was designed to address many of the issues Litecoin’s creator Charlie Lee saw in Bitcoin’s code. Litecoin itself is a fork of the original Bitcoin core client, that was modified by Google engineer Charlie “Satoshi Lite” Lee. Lee has since formed the Litecoin foundation aimed at pushing adoption of the digital currency. Litecoin is primarily a payment currency, and has been called the silver to Bitcoin’s gold. Like Bitcoin and Ethereum, Litecoin is built on blockchain technology. Litecoin is both the name of the protocol and the underlying asset, traded using the LTC ticker.

Why do CFDs make sense for trading Litecoin?

CFDs let traders long and short Litecoin and add leverage, instead of being stuck only able to buy and sell LTC with spot trading. CFDs are riskier than spot trading but carry much greater reward for those who are able to manage risk and execute a sound trading strategy.

What is Litecoin's ticker symbol?

Litecoin is a cryptocurrency asset trading under the ticket symbol LTC. Litecoin most commonly trades via LTCUSD or LTCBTC trading pairs.

What are Litecoin's trading hours?

Litecoin trades in the always-on crypto market. This means that Litecoin markets are trading 24 hours per day, 365 days a year, even on holidays and weekends.

Where can I trade Litecoin?

Litecoin is one of five cryptocurrencies available on Profitablefundbase, an award-winning trading platform. Litecoin CFDs trading against USD or BTC pairs are offered.

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Litecoin trading

Trade Litecoin on Profitablefundbase and experience award-winning trading tools and products. Go long or short in order to profit on both rising and falling prices

Trade Litecoin

Litecoin is an important part of the cryptocurrency market place as it’s intention is to function like a pure digital cash. This coin is often called the silver to Bitcoin’s gold and is known to be fast and cheap to use for transactions.

Despite being more like a currency than other crypto-assets, Litecoin still plays an important role for cryptocurrency traders. Those trading on Profitablefundbase can utilize a number of advanced trading tools and strategies to make successful trades with Litecoin.

Profitablefundbase is a cutting-edge online trading platform offering traders all the tools necessary to buy, sell and trade Litecoin in the cryptocurrency market. Profitablefundbase features a third-party service called CEX.io that allows the exchange of other crypto-assets, fiat currencies, and more for Bitcoin.

In addition, users can purchase Bitcoin with a credit or debit card to fund their trading accounts and get started trading Litecoin immediately. Alternatively, users may deposit their own Bitcoin to the Profitablefundbase wallet BTC address.

Why Trade Litecoin with Profitablefundbase

Easy to startStart trading in minutes with quick and easy registration procedure, and low minimum deposit
Low trading feesSave on fees! Benefit from Profitablefundbase’s low commission rates and tight spreads while trading all available assets
Secure tradingEnjoy Profitablefundbase’s security features that will ensure your personal data and funds are always safe.
Best-in-class trading platformProfitablefundbase’s award-winning software offers traders a variety of professional trading tools. Access cryptocurrencies, stock indices, commodities, and forex from a single account!

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How does Litecoin margin trading work?

Margin trading means that a trader has decided that they want to make a trade that is bigger than the capital they have, and look to the platform to borrow these funds in order to make a bigger Litecoin position

Margin trading means you do not have to deposit the full amount of the position you want open and rather you borrow these funds to leverage the position. If the trade is successful, the profits are also magnified, but if your trade on the Litecoin goes the wrong way, your losses can also be greater.

The benefits of Litecoin trading with leverage

Magnified profitsMargin trading is known for its ability to make larger trades compared to deposited amounts. Margin trading is one of the most effective ways to increase potential returns
DiversificationMargin trading means there is more available traders' capital left on the account which can be used to open new positions. Diversification allows to reduce market risk.
Gaining from the market fall.Margin trading also allows traders to open long and short positions in order to profit from both growing and falling market.

Litecoin leverage trading example

For example, If a trader takes a short position of 100 LTC on 10x leverage, and the price of Litecoin falls 3% the trader will earn a profit of 30 LTC. A similar spot trade without leverage would result in only 3 LTC earned.

Disclaimer: Margin trading also comes with inherent risks if the position moves against the trade. You should never utilize 100% leverage and never invest more than you can afford to lose.

Normal trade

Leveraged trade with Profitablefundbase

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How to start trading Litecoin

1

Create Your account

Create a new account on Profitablefundbase in less than a minute. Only a registered E-mail is needed to begin.
2

Fund Your account

Easily deposit funds to your personal trading account. We don’t charge any fees on deposits.
3

Begin trading

After you have made your first deposit to the trading platform, and funded your trading account, you may start trading indices immediately.

Open an account now

It’s free to open an account, and there is no obligation to fund or trade.