LTCUSD is the ticker symbol for Litecoin. LTCUSD is a Cryptocurrency CFD. Litecoin, like all virtual currencies, is a form of digital money. Both individuals and institutions can use Litecoin to purchase things and transfer funds. Litecoin is a peer-to-peer (P2P) virtual currency, which means it is not governed by a central authority.
The standard contract size for LTCUSD is 1 with 10 lot minimum tradeable.
The minimum trade size for LTCUSD is 10
CFD trading is extremely risky. Trading any leveraged product carries significant risk as you have the ability to open positions that are far larger than your account balance.
We offer competitive leverage rates which are determined by the Afterprime entity you register with. Read more here
One Cryptocurrency point is normally = to 0.1 unit of base currency. For instance, one Cryptocurrency point of LTCUSD is = to 0.1 USD.
Litecoin (LTC) is a cryptocurrency that enables fast, cheap payments and is often compared to Bitcoin.
As with any asset, there are a few things to keep in mind before trading Litecoin. First, Litecoin is a volatile asset and prices can move quickly. Second, Litecoin is affected by global events and news. Be sure to do your own research before making any trades. Finally, it is important to have a plan and stick to it. The following are some basic strategies that can be used when trading LTCUSD.
One easy way to get started trading Litecoin is to buy the dip. This means buying Litecoin when the price falls and selling when the price rises. To do this, you will need to track the price of Litecoin over time and make a buy order when you think the price is about to go up again. You can set up price alerts on your trading platform so that you don’t miss any opportunity to buy the dip.
Swing trading is a longer-term strategy that takes advantage of price swings in the market. When swing trading, you will hold onto your position for a period of time (usually a few days to a few weeks) and then sell when the price reaches a higher high or lower low than when you bought in. Like with any strategy, be sure to set stop-loss orders so that you don’t lose more money than you are comfortable with.
Day trading is a shorter-term strategy that involves taking multiple trades throughout the day and then selling all positions before the end of the day. Day traders usually focus on technical indicators and chart patterns to make decisions about when to buy and sell. Due to the nature of day trading, it is important to have access to real-time market data and news so that you can react quickly to changes in the market.
There are many different ways to trade Litecoin depending on your timeframe and risk tolerance. The most important thing is to have a plan and stick with it. If you are new to trading cryptocurrencies, we recommend starting with strategy #1 - buying the dip.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
The Afterprime liquidity mix for the cryptocurrency market has been specially designed to cater for all cryptocurrency trading styles. Enjoy trading on LTCUSD with fast speeds and low costs.
Execution From < 1ms
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