Discover how to trade litecoin, as well as how litecoin works, what moves its price and whether you’ll need to buy and sell the cryptocurrency on an exchange.
Interested in litecoin trading with IG?
You’ll need a leveraged trading account to start speculating on litecoin via CFDs, or an exchange account to buy it in the open market. Getting an exchange account can be problematic – sometimes taking days to open, and without the infrastructure needed to respond to support requests quickly.
Opening an IG trading account is free of charge, and you can chat to one of our dedicated experts 24hrs a day, 7 days a week, except for Saturday from 1am to 11pm. Once your account is open, there’s no obligation to fund or trade.
A comprehensive trading plan is a great way of taking the emotion out of your decisions, setting out the trades you should make as well as when to take profit or cut losses. Here are five steps that you can follow to create a trading plan:
Before you open your first position, you’ll want to make sure that you are up to date with all the latest litecoin developments. Take a look at what our dedicated team of market experts has been saying about cryptocurrency in our news and analysis section – or if you’ve opened an account, read the latest updates in My IG.
You might also want to consider running some technical analysis on litecoin. The charts in the IG Trading platform come equipped with a range of indicators to help you identify trends, and plan your first trade accordingly.
Now it’s time to open your first position. With IG, you can trade litecoin using a variety of platforms, including:
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All trading involves risk and losses can exceed deposits. Trading CFDs may not be suitable for everyone so please ensure that you fully understand the risks involved. All trading involves risk and losses can exceed deposits.