Best Litecoin (LTC) Brokers - Crypto Brokers - FX LeadersFX Leaders

Best Litecoin (LTC) Brokers

Litecoin is one of the top 10 cryptocyrrencies in terms of market capitalization, standing at the 7th place now, worth $ 8.5 billion for the total supply of coins. It joined the surge in the cryptocurrency market during 2020, increasing 4 times in value, making it a great financial instrument to invest in. It is crucial, however, to only trade Litecoin with a well-established forex broker. eToro and AvaTrade offer a range of advantages for crypto traders, who would prefer to trade Dash and other cryptocurrencies. Reliable forex/cryptocurrency brokers offer features which makes trading digital currencies safe and easy and will put you in the best position to trade profitably. Below are some of the features that most reliable cryptocurrency brokers offer:
  • Superior execution speeds
  • Lowers crypto spreads and spread display
  • A wide cryptocurrency trading range
  • Social crypto trading
  • Cyber safety
  • Various order types
  • Regulated and fair dealing
  • Easy account opening, deposits, and withdrawals
  • Superior execution speeds
  • Dedicated customer support
  • Infrastructure redundancy – hardware, software, and connectivity
  • Reliable and smart order execution
  • Robust and proven trading platforms
  • Deep liquidity pools

 

Choosing a Respected Litecoin Broker

Ready to turn Litecoin trading ideas into cash? Check out these reputable forex brokers who offer easy-to-trade litecoin contracts for difference (CFDs):

Top Litecoin Brokers

Broker
Benefits
Regulation
Min. Deposit
Instruments

eToro logo

  • Trade cryptos 24/7, 365 days a year
  • Copy professional traders’ crypto trades
  • Join a social trading community with over 6 million members
  • Powerful OpenBook social trading platform
  • Wide crypto variety
  • Cross crypto trading
  • Advanced chart with crypto spreads displayed
  • Speedy account setup
  • eToro USA LLC does not offer CFDs
CySec FCA
$200
Bitcoin (BTC), Ether/Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Dash (DASH), Ripple (XRP), EOS, Tether

67% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk of losing your money.
Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection.

logo

  • 2:1 and 25:1 leverage on Litecoin (EU/non-EU)
  • A wide variety of cryptocurrencies
  • Lower spreads for cryptocurrencies
  • Crytpo autochartist (award-winning technical analysis tool)
  • Comprehensive crypto trading education
  • Fast transactions
  • SSL secured online trading platform
  • AvaSocial
EU – MiFID (by CBI) Australia – ASIC Japan (FSA) BVI South Africa (FSB)
$100
Bitcoin (BTC), Ether/Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP),  BTC/EUR, Ripple (XRP), Dash (DASH)

Why Trade Litecoin?

The price of Litecoin has grown exponentially in a really short time, especially in Q4 of 2020, reaching $ 178 by January 2021 and surpassing the highest expectations. This means that since October 2020 Litecoin investments have increased four times. Besides yielding unheard-of returns, trading Litecoin offers the following advantages:

  • Lower volatility than most major cryptos
  • One of the most liquid cryptocurrencies
  • 4x faster mining speed compared to Bitcoin
  • A good way to diversify investment portfolios
  • Traded even when most other markets are closed – 24/7, 365 days a year
  • Acts partially as a safe haven asset

How to Trade Litecoin – A Swift Guide

Litecoin is traded on the above-mentioned forex brokers’ trading platforms with contracts for difference (CFDs). It’s just as simple as trading other financial instruments like commodities, indices, and forex currency pairs. When trading Litecoin, you can also use a stop loss, take profit, and any of the different entry orders offered by these brokers. A safe way to trade Litecoin is with low leverage or no leverage at all, since the swings in the crypto market have been enormous.

Buy-and-hold trading strategies have performed really well in the litecoin market. Of course, short-term trading strategies can also be successfully implemented on this powerful and unique cryptocurrency.