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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

Key benefits

  • Go short as well as long

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

  • 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

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

Litecoin CFDs

Take advantage of litecoin price volatility via CFD trading.

CFD product details

How does litecoin leveraged 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. 

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).

Alternatives to litecoin

  • Bitcoin

    Go long and short on the world’s first cryptocurrency.

  • Ethereum

    Take advantage of ether volatility.

  • Ripple

    What does the future hold for XRP? Take your position with IG.

FAQs

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.

Based on revenue excluding FX (published financial statements, February 2018).

Excludes any daily funding charges.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider.
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 instruments and come with a high risk of losing money rapidly due to leverage.