Instrument description

Like most altcoins, Litecoin is based on the Bitcoin protocol, but it’s designed to make sure that mining is much cheaper and more democratic than BTC. Litecoin has often been called a “silver Bitcoin” but in fact the blockchain is more efficient - it offers far lower transaction fees and faster confirmation. Trade the volatility with leverage of 5:1 - no wallet needed!

How to trade LITECOIN

It's easy to trade Litecoin with us. Let's say for example that you believe Litecoin will rise in value after a high-profile investor gives the digital currency their backing, so you buy - or go long - on Litecoin. 
 
You'd buy Litecoin at 200 in the hope that the market will react the way you've predicted.
  • A WINNING TRADE
  • "Buy" Litecoin at 200
  • Trade size: 10 lots (10 lots is equal to $10 per point)
  • Position value: $2,000
  • Litecoin rallies to 250 (+5,000 pips)
  • New position value: $2,500
  • Result: you make a profit of $500 (or £360.52) ($2,500 - $2,000)
*With a GBPUSD rate of 1.3869
  • A LOSING TRADE
  • "Buy" Litecoin at 200
  • Trade size: 10 lots (10 lots is equal to $10 per point)
  • Position value: $2,000
  • Litecoin falls to 150 (-5,000 pips)
  • New position value: $1,500
  • Result: you make a loss of $500 (or £360.52) ($1,500 - $2,000)
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This example does not include any additional fees that may be applicable. For more information, please see our instrument specification page.

Trading CFDs on a leveraged basis involves significant risk of loss to your capital. They may not be suitable for everyone, so please ensure you fully understand all of the risks.

Trading CFDs on a leveraged basis involves significant risk of loss to your capital. Please ensure you fully understand all of the risks.

Trading CFDs involves significant risk of loss to your capital