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Best Litecoin Trading Brokers

Considering that the contemporary financial market is rife with crypto investment opportunities, traders should take advantage of every profitable occasion to diversify their portfolios. Litecoin (LTC) was introduced shortly after Bitcoin, in October 2011 by former Google engineer Charles Lee. It was intended as an alternative to the market leader, enabling faster and cheaper transactions.

Litecoin’s all-time high was reached in December 2017, at $336.72. Much like the other crypto assets, it is prone to price fluctuations, which, however, have not been as drastic as some others.

The way Litecoin works

As a decentralized, online-based currency, Litecoin functions without the intervention of third parties. Litecoin utilizes blockchain technology to handle and record transactions. It is generated through mining, and miners of the crypto asset verify transactions and earn Litecoins in the process.

Litecoin enables affordable, peer-to-peer payments across the globe, processed in a fast manner. Its initial aim was to offer a cheaper and more easily obtainable version of Bitcoin.

Litecoin compared to Bitcoin

Since its inception, Litecoin has been constantly compared to its predecessor, and has often been referred to as “the silver to Bitcoin’s gold”. It was created as a complimenting currency rather than a competitor to Bitcoin.

Although both coins are generated through mining and their supplies are capped, that of Litecoin is four times higher than Bitcoin’s. In terms of average transaction time, the original crypto features 10 minutes, whereas that of Litecoin is much faster – 2.5 minutes.

The current publication explores the specifics of Litecoin trading and a listing of ten award-winning trading brands that have incorporated the asset into their product line.

How LTC Trading Works for Traders and Brokers

LTC TradingGenerally, the process of trading Litecoin involves opening a contract in which traders agree to exchange the difference in the price of the asset when opening and closing positions. Below, we examine some of the specifics of trading Litecoin related to traders and brokers.

How LTC Trading Works for Traders

TradersThe process of Litecoin trading can be quite straightforward, as long as traders have a clear idea of the strategy they would like to follow, as well as their trading expectations, budget, and risk tolerance.

Opening, verifying, and funding the trading account

While the process of opening an account with a trading broker involves providing personal and contact information, the verification procedure requires uploading ID documents and proof of address. They are kept confidential and only used for compliance requirements.

Preparing a trading plan

A well-rounded trading plan involves a clear definition of trading goals, risk tolerance, and a selection of markets to be traded. Taking advantage of the risk management tools available at the selected online brokerage company is also highly advisable.

Researching the Litecoin market

Traders willing to explore the Litecoin market should stay tuned to the latest developments, news, and market analysis related to the crypto asset. They should also consider performing technical analysis on Litecoin. Trading brokers offer charts and a range of indicators to help their customers identify trends and market sentiments.

Placing a Litecoin trade

Finally, traders should open their position and decide the amount of money they are willing to risk. Online brokerage companies utilize various trading platforms such as the industry-standard MetaTrader software, along with mobile apps enabling trading on the go. If traders want to open a long Litecoin position, then they should select ‘Buy’. If they wish to open a short Litecoin position, then they should click on “Sell”.

How LTC Trading Works for Brokers

BrokersAs a much sought-after altcoin, Litecoin has been added to the trading portfolio of many online brokerage companies. We look into different aspects of trading Litecoin from the operators’ point of view.

Trading Litecoin at an exchange vs. a trading broker

There are two types of approaches to trading Litecoin. With the first one, traders can directly buy the asset from an exchange, and consequently store it in a crypto wallet, hoping its price will increase over time.

With the second approach, traders use Contract for difference (CFDs) to speculate on the price swings of the crypto and benefit both from increases and drops in its value. CFD trading does not entail owning the asset and thus does not require storing it in an electronic wallet. If a trader buys Litecoin, then any upward movement will become a profit, whereas any downward movement will represent a loss. If a trader sells Litecoin, the opposite will be true.

Trading expenses

Trading expenses can be generally subdivided into trading and non-trading-related fees. Online brokerage companies either charge commissions or derive profits from the spreads, i.e. the difference between the Bid and Ask price of an asset. Operators also charge overnight fees, also known as rollover fees, which refer to holding a CFD position overnight.

As far as the non-trading expenses are concerned, they include deposit and withdrawal fees, account maintenance fees, and inactivity fees.


Leverage is a trading instrument, provided from brokers to traders enabling them to increase their market exposure. Traders use borrowed funds from brokers and thus they stand a chance to increase their profits. However, leveraged positions should be carefully utilized as they also magnify the risk of greater losses.

Top Ten LTC Trading Brokers

choosing a brokerAs a great financial instrument to invest in, Litecoin is among the top 10 cryptocurrencies in terms of market capitalization. We have compiled a list of ten well-established Trading Brokers, fully equipped to offer a seamless Litecoin trading process.

Related Topics


1. Is Litecoin worth investing in?

During a bull market for crypto in 2017, Charles Lee sold all of the Litecoin he owned, which was seen by many as an indicator of the asset’s failure to succeed. However, Litecoin has remained a popular asset among many crypto investors and traders due to its blockchain confirmation speed, trading volume, and volatility. Overall, it is challenging to predict Litecoin’s future and traders should be prepared for ups and downs along the way.

2. What are the advantages of trading Litecoin?

Besides the potential to yield good returns, Litecoin trading has many other advantages, and traders prefer this asset for a number of reasons. Firstly, LTC features lower volatility compared to most of the other major cryptos. Secondly, it is a good way to diversify one’s trading portfolio. And last but not least, it can be traded 24/7.

3. What are the differences between buying Litecoin and trading a CFD in the cryptocurrency market?

There are essential differences between the two approaches to investing in Litecoin. With the first one, traders need a crypto wallet to store their Litecoin. With the second one, a wallet is not necessary, as the trading product is stored in the account, which in turn is regulated by a particular financial authority.

4. What is Litecoin’s maximum supply?

Litecoin was released with 150 pre-mined coins and its maximum supply has been capped at 84 million coins. This is four times larger than Bitcoin’s.

5. What impacts Litecoin’s price?

It should not come as a surprise that the variables driving Litecoin’s price are quite comparable to those applying to the original cryptocurrency. However, some specific factors should be considered as well such as the total Litecoin supply, the influence of media, the industry adoption, Litecoin’s market cap, and last but not least, Bitcoin’s price.