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 and spread betting 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?

  • Go short as well as long

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

  • Tax-free profits

    Pay no tax when you spread bet on litecoin2

  • 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

All litecoin costs and details

For full details including spreads, dealing hours and margins for litecoin, follow the link to 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

Watch Victoria explain the basics of litecoin

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 Bid Offer 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 spread betting example

You open a litecoin spread betting position when it’s trading at $300, and our price is 305 to buy and 295 to sell. You’re anticipating that litecoin’s price is headed down, so you sell £10 per point at 295. This means that you’ll earn £10 for every point that litecoin goes down in price, and lose £10 for every point it moves up.

Litecoin’s price does indeed move down, to $250. Our price is now 255 to buy and 245 to sell. You buy £10 per point at 255 to close your position.

250 – 295 = -40, so your position has moved 40 points. Your gross profit is 10 x 40, or £400.

If you’d gone long instead of short, you would have lost £600 (50 points of movement plus ten points from the spread).3

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).3

Open an account now

It's free to open an account, takes less than five minutes, and there's no obligation to fund or trade.

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.

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

2 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.

3 Excludes any daily funding charges.

Help and support

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Spread bets and 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 spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.