Litecoin belongs to the group of cryptocurrencies that are riding high on the popularity of Bitcoin. It is a decentralised digital currency that is based on the Bitcoin system. Its value has rocketed from just around $0.01 to more than $30 and experts predict that its value would continue to rise like Bitcoin. Such movements in the market have opened a lot of trading opportunities and one of the smartest ways to take advantage of these is via trading contracts for difference or CFDs.
Why CFD Trading is a Better Option?
Trading Litecoin CFDs are much more secure because you won’t have to worry about your alt coins being stolen. The returns or losses are going to be based its price movement of so regardless if it its value rises or falls, there is always an opportunity to make a profit. Unlike a digital exchange which would require you to open a wallet that may take up to a month to process, there are no complexities with CFDs because all you have to do is to Buy or Sell. If you believe that its value will go up then you just need to purchase a Buy contract. Let’s say you purchased 10 Buy contracts at the price of 15.43 and its value moved by 17.69 points to 33.12. Should you decide to close the position at this price, you made a profit of 17.69 times the 10 contracts that you purchased which is equivalent to $176.90!
Enjoy the Security of Trading with Trusted CFD Service Providers
Now that you can trade this digital currency with a CFD service provider, it is important to remember that you need be with a reliable and fully regulated brokerage to experience the best trading conditions. And you don’t have to a lengthy online research anymore because we have already prepared a list of highly recommended companies that offer a platform for trading Litecoin CFDs. These brokerages have been fully reviewed by our experts so there’s no need to go anywhere else. Start trading right away and enjoy premium benefits.
Official Regulated Brokers You Can Trade Litecoin With
|Broker||Min Deposit||Regulation||Features||Rating||Official Site|
|$100||FCA, ASIC, CySEC|
66% of retail CFD accounts lose money
|$100||CBI, ASIC, FSC, FSA, FSB|