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Trading financial products on margin carries a high risk and is not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.

Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Your capital is at risk.

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Trade [[data.name]]

[[ data.name ]]

[[ data.ticker ]]

[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)

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About

History

Differences between Investing vs Trading

About

History

Differences between Investing vs Trading

Litecoin is one of the most valuable altcoins in the cryptocurrency space. It was also one of the first altcoins, established in October 2011. The inspiration behind the creation of Litecoin was to develop a “lite version” of Bitcoin, which emerged two years earlier. It was the brainchild of former Google employee, Charlie Lee, who believed Bitcoin’s mining requirements was creating a monopoly for miners that could afford to invest in expensive, high-powered GPUs. In doing so, Bitcoin’s critics feared the cryptocurrency was inching closer to centralisation – the very antithesis of cryptocurrency.

Litecoin is effectively a hard fork of the Bitcoin Core blockchain, with enhanced measures designed to improve the scalability of Litecoin. This includes faster block generation times of two-and-a-half minutes, an increased supply of Litecoin (LTC) and an alternative hashing algorithm that’s not overly reliant on GPUs.

Many in the cryptocurrency community consider Litecoin to be the ‘digital silver’ to Bitcoin’s ‘digital gold’. Today, Litecoin is in the top 20 most valuable cryptocurrencies by market capitalisation.

In terms of Litecoin’s all-time value, it rose some 1,449% in the first 11 years of its existence. Like many cryptocurrencies, the Litecoin price has fluctuated wildly through the years. Its all-time price chart resembles something like a roller-coaster ride.

During the ‘boom’ era for cryptocurrencies in 2017, Litecoin’s value surged to a high of $230.33 per LTC before falling to $19 per LTC by December 2018. The Covid-19 pandemic encouraged further speculation on the price of Litecoin, spiking to all-time highs of $248.82 per LTC in May 2021. Once again, its value fell fast soon after, with Litecoin in a price range of $40-$60 per LTC during H2 2022. Market forces of supply and demand keep LTC much cheaper than Bitcoin, as there is the potential for four times as many LTC to be in circulation than BTC.

Litecoin is an agile cryptocurrency suitable for paying for a host of digital services, but the volatility of Litecoin’s value means that you can never guarantee what your LTC will pay for from month-to-month.

By trading the price of Litecoin, you’re able to profit even if the value of LTC falls. With cryptocurrency CFD, you can take short (sell) positions on crypto assets like Litecoin as well as long (buy) positions. With a short position on Litecoin, you’ll profit so long as the price of LTC moves below your entry position. When you trade volatile crypto assets like Litecoin, it’s possible to use risk management tools to set stop-loss and take-profit orders to limit your losses too.

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* 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'.

Trade [[data.name]] with Skilling

The most popular and trending cryptocurrencies, all in one place at the right time.

  • Trade 24/7
  • Minimum margin requirement below ~3$
  • Spreads of just $0.50 on BTC - lower on other crypto! Plus a super low trading fee of 0.1%/side
  • No withdrawal fees
  • Diversify! 900+ instruments to choose from
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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
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Capitalise on rising stock prices (go long)

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Capitalise on falling crypto prices (go short)

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Trade with leverage
Hold larger positions than the cash you have at your disposal

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Trade on volatility
No need to own the asset or have an exchange account

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No exchange fees or complex storage costs
Just lower commissions in the form of spreads and a small taker-fee

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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