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[[ data.ticker ]]
[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)
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About
History
Why trade?
About
History
Why trade?
Litecoin to Japanese Yen (LTCJPY) tracks the value of Litecoin against the Japanese yen. Launched in 2011 as a fork of Bitcoin, Litecoin was designed to offer faster transaction confirmations and lower network fees, and it remains one of the longest-running cryptocurrencies in the market.
Like other crypto assets, LTCJPY can move sharply in short periods. Its rate is influenced by overall crypto market sentiment, Bitcoin's performance, regulatory news and shifts in the yen, including Bank of Japan policy decisions. Trading LTCJPY as a CFD lets you speculate on the rate rising or falling without owning Litecoin or holding a crypto wallet.
LTCJPY has seen a significant uptrend in the last 5 years. It hit its lowest point of 2589.28 JPY on December 9th, 2018 and its highest point at 40635.84 JPY on May 2nd, 2021. Currently trading around 12000 JPY as of May 2023. This could be a unique buying opportunity as it's still far from its all-time high and could offer potential rewards.
However, traders should always employ risk management strategies when entering the market and be aware of any factors that may potentially affect price movements.
The pros of trading this pair are that LTCJPY is highly liquid and offers tight spreads. This makes it easier for traders to enter and exit positions quickly without being affected by substantial slippage. Furthermore, the Japanese Yen is a relatively stable currency, making it less susceptible to rapid movements than some other major currencies, which can provide more stability when trading this pair.
The cons of trading this pair are that the Japanese Yen can be subject to certain restrictions, such as capital controls. This means that traders must be aware of any potential regulations when considering this pair for their trading strategy. In addition, because LTCJPY is not a major currency pair, it may not offer the same liquidity or tight spreads as some of the more popularly traded pairs.
If traders are looking for an alternative to LTCJPY, there are two other potential options: LTCUSD and LTCEUR.
| Swap long | [[ data.swapLong ]] points |
|---|---|
| Swap short | [[ data.swapShort ]] points |
| Spread min | [[ data.stats.minSpread ]] |
| Spread avg | [[ data.stats.avgSpread ]] |
| Min contract size | [[ data.minVolume ]] |
| Min step size | [[ data.stepVolume ]] |
| Commission and Swap | Commission and Swap |
| Leverage | Leverage |
| Trading Hours | Trading Hours |
* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
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Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying crypto asset.
Crypto CFD
Physical Crypto
Capitalise on rising crypto prices (go long)
Capitalise on falling crypto prices (go short)
Trade with leverage
Hold larger positions than the cash you have at your disposal
Trade on volatility
No need to own the asset or have an exchange account
No exchange fees or storage costs
You pay the spread and a taker fee per side. Swaps apply on Standard and Premium accounts. Other fees may apply.
Manage risk with in-platform tools
Ability to set take profit and stop loss levels