Want to take advantage of litecoin volatility? Go long or short on the bitcoin alternative with IG, the world’s No.1 CFD provider.1
CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Want to take advantage of litecoin volatility? Go long or short on the bitcoin alternative with IG, the world’s No.1 CFD provider.1
Think litecoin’s price is headed down? Open a short position.
We source prices from multiple exchanges on your behalf.
Deal litecoin without putting up lots of capital.
So there’s more chance of executing your full trade at your chosen price
See our litecoin spreads, dealing hours and margins in our help area:
Buying (or ‘going long’ on) litecoin via leveraged trading works in a similar way to buying LTC on an exchange: you open a position that increases in value as litecoin’s price increases (usually against the US dollar). But there are several key differences between the two.
Markets | Sell | Buy | Change |
---|---|---|---|
Litecoin (USD) |
-
|
-
|
Prices above are subject to our website terms and conditions. Prices are indicative only.
Firstly, when you open a leveraged litecoin trade, you aren’t actually taking ownership of any cryptocurrency. Instead, you’re speculating on the direction in which its price is headed. So you don’t need an exchange account to get started, and you can open short positions as well as long ones.
Secondly, you don’t have to put down the full value of a leveraged litecoin position upfront – just a deposit known as 'margin'. While that makes leveraged trading a powerful tool, it also makes it risky. If your position moves against you, it can even mean that you risk losing more than your original deposit.
Litecoin CFD example
You buy 15 litecoin CFDs when it’s trading at $300. Our buy price is 305 and our sell price is 295.
Buying 15 litecoin CFDs at 305 is the equivalent of buying 15 litecoins for $305 each, giving you a total exposure of 15 x $305 = $4575.
Litecoin’s price rises 40 points to $340, and our price is now 345 to buy and 335 to sell. You close your position by selling 15 CFDs at 335.
335 – 305 = 30, meaning your position has moved 30 points. Your gross profit is 15 x 30, or $450.
If you’d shorted litecoin, you would have lost $750 (40 points plus ten points from the spread).2
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Trade on the move with our natively designed, award-winning trading app
Trade on the move with our natively designed, award-winning trading app
With 45 years of experience, we’re proud to offer a truly market-leading service
With 45 years, we’re proud to offer a truly market-leading service
Can I short litecoin with IG?
Yes. When you trade litecoin with IG you are speculating on price movements instead of buying and holding LTC, so you can open short positions as well as long ones.
Where do you get litecoin prices from?
We source our litecoin prices from a combination of the world’s most liquid exchanges, and then offer you the best available price.
Do you offer advanced order types?
Yes. As well as trading litecoin at the current price, you can select your preferred entry level. You can also add stops and limits to your positions to manage your risk or lock in profits.
Find out exactly what bitcoin is and how it came into being
Get to grips with the basics of how to trade bitcoin with our step-by-step guide.
Discover how to trade litecoin, as well as how litecoin works
1 Based on revenue (published financial statements, 2023)
2 Excludes any daily funding charges.
Get answers about your account or our services.
Or contact us on +971 (0) 4 559 2104 or helpdesk.ae@ig.com.
Our office is open 5 days a week, Monday to Friday from 8am to 7pm (Dubai time). Support line is available 24hrs a day, 7 days a week, except for Saturday from 2am to 12noon (Dubai time).