LTCEUR is an excellent cryptocurrency asset to add to any portfolio. Trading pairs like LTCEUR are a great way to diversify and increase the profitability of your trading operations.
The price of this asset has been relatively stable in recent times, making it a reliable option for short-term investments that give traders the opportunity to make some good profits. However, as with any form of trading, there are risks associated with LTCEUR. It is important for traders to be aware of these risks and have a solid understanding of the markets before they invest in this asset.
The price of Litecoin (LTCEUR) has had a wild ride in the last five years. In December 2018, it bottomed out at around 20.68 EUR, before skyrocketing to its all-time high of 285.88 EUR on May 7th 2021 - an increase of 1,278 per cent! Since then, the price has come back down to around 80 EUR as of May 2023. This shows just how volatile Litecoin can be, and highlights the need for traders to stay informed on market movements. It is essential to keep an eye on price history when trading LTCEUR in order to make more informed decisions.
Traders must also pay attention to the current market news and trends in order to better anticipate future price movements. Knowing where LTCEUR has been, will help traders make more accurate predictions of where it could be going next.
Trading LTCEUR can be a great way to diversify your cryptocurrency portfolio. It provides you with exposure to both the euro and Litecoin, two very different digital assets.
The advantage of trading LTCEUR is that it gives you access to multiple markets at once, allowing you to take advantage of price movements in both the euro and Litecoin. However, it also carries a higher risk than trading single-currency pairs, as the prices of both currencies can move independently.
If you’re looking for other cryptocurrencies to add to your portfolio, consider some of the top-traded altcoins like Bitcoin Cash (BCH), Ethereum (ETH), and Ripple (XRP). These coins offer similar features as LTCEUR, but with different risks. Additionally, you may want to look into stablecoins like Tether (USDT). Stablecoins are cryptocurrencies that are pegged to the value of a fiat currency, so they can provide a measure of stability for your portfolio.
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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'.
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.