Litecoin trading

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

When you trade litecoin with IG, you aren't taking ownership of any cryptocurrency. Find out more about how leveraged litecoin trading works.

Why trade litecoin with IG Bank?

  • Go short as well as long

    Think litecoin’s price is headed down? Open a short position

  • A fully regulated, trusted provider

    In Switzerland we're a FINMA regulated company with over 40 years' trading experience

  • No exchange account needed

    We source prices from multiple exchanges on your behalf

  • Improved liquidity

    So there’s more chance of executing your full trade at your chosen price

Litecoin trading costs and details

See our litecoin spreads, dealing hours and margins in our help area:

What is litecoin?

Litecoin (LTC) is a cryptocurrency, similar in lots of ways to bitcoin. Charlie Lee, the founder of litecoin, even based it off the older currency’s source code – and said he intended litecoin to be ‘silver to bitcoin’s gold’.
However, there are two key differences between litecoin and bitcoin:
  • Litecoin is mined faster than bitcoin, which makes transfers quick and cheap
  • Litecoin’s supply cap is 84 million coins, four times that of bitcoin

How does leveraged litecoin trading work?

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)
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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

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 16,000 global markets, with reliable execution

Fast execution on a huge range of markets

Enjoy flexible access to more than 16,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

FAQs

Can I short litecoin with IG Bank?

Yes. When you trade litecoin with IG Bank 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.

When is your litecoin market available?

Trading on litecoin is available from 5 am on Saturday morning through to 11pm on Friday night (Geneva time), market holidays permitting.

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 Based on revenue excluding FX (published half yearly financial statements, June 2019).

2 Excludes any daily funding charges.

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