The CleanFinancial.com guide to trading Litecoin.
Plus500 started offering Litecoin CFDs on 8 December 2013. However, they have added a note to their charts saying “Warning! Litecoin is extremely volatile. Expires daily!” Investors should take note of both of these warnings. Also see Litecoin volatility.
- Litecoin Spread Betting
- Litecoin CFDs
- Litecoin Charts, Prices and Trading Volumes
- Litecoin Market News & Analysis
- Litecoin Volatility
- Litecoin Spread Betting
- About Litecoin
- More Litecoin Information
- Bitcoin Trading Guide
Litecoin Charts, Prices and Trading Volumes
The live Plus500 chart below gives a useful view of the Litecoin market.This chart only goes back to when they started trading the market, i.e. 8 December 2013.
If you want to go further back, or want a chart showing the number of transactions per day or the total number of Litecoins currently in circulation, see ltc.block-explorer.com/charts.
Also see Litecoin technical analysis charts below.
Litecoin Market News & Analysis
3 March 2018, 8:37am,
The digital currency is trading lower than the 20-period moving average of $158.41 and lower than the 50-period moving average of $161.00.
1 Day Indicator Analysis
The digital currency is trading lower than the 20-day moving average of $173.64 and lower than the 50-day moving average of $181.20.
Litecoin Futures Report
- Litecoin is currently trading at $157.80.
- Overnight, the market closed -$4.75 (-2.84%) lower at $162.51.
The digital currency is trading lower than the 20-period moving average of $158.41 and lower than the 50-period moving average of $161.00.1 Day Indicator Analysis
The digital currency is trading lower than the 20-day moving average of $173.64 and lower than the 50-day moving average of $181.20.
Update by Gordon Childs, Editor, 
3 March 2018, 5:04pm,
The digital currency is lower than the 20-period MA of $163.84 and lower than the 50-period MA of $166.33.
1 Day Chart Analysis
The online currency is lower than the 20-day MA of $176.15 and lower than the 50-day MA of $180.87.
Litecoin Futures News
- Litecoin is currently trading at $162.11.
- Overnight, the market closed -$0.20 (-0.12%) lower at $167.26.
The digital currency is lower than the 20-period MA of $163.84 and lower than the 50-period MA of $166.33.1 Day Chart Analysis
The online currency is lower than the 20-day MA of $176.15 and lower than the 50-day MA of $180.87.
Update by Gordon Childs, Editor,
1 January 2014, 11:45am,
Note that Plus500 are giving clients a little more leverage on LTC now.
They were offering leverage at 1:5, it has now been moved to 1:10.
That makes this high risk and highly volatile market even more extreme.
Higher Leverage for Litecoin CFDs
Note that Plus500 are giving clients a little more leverage on LTC now.
They were offering leverage at 1:5, it has now been moved to 1:10.
That makes this high risk and highly volatile market even more extreme.
Update by Jacob Wood, Editor,
1 January 2014, 12:25pm,
Litecoin enjoyed a relatively quiet Christmas break but now volatility is returning to the market.
On 5 Jan the market saw a range of nearly $3 and yesterday LTC had a range of nearly $6.
With the price on the BTC-e exchange currently at $27.33 that’s a range of more than 20%.
It’s fair to say the market is in full swing. (be careful).
Volatility Returns to the LTC Market
Litecoin enjoyed a relatively quiet Christmas break but now volatility is returning to the market.
On 5 Jan the market saw a range of nearly $3 and yesterday LTC had a range of nearly $6.
With the price on the BTC-e exchange currently at $27.33 that’s a range of more than 20%.
It’s fair to say the market is in full swing. (be careful).
Update by Jacob Wood, Editor,
1 January 2014, 9:07am,
Like most markets, LTC has been ‘fairly’ quiet over the Christmas period.
Having said that, it’s all relative. Whilst a number of days only traded in a $1-2 range that still means daily 5-10% moves, a lot, even for a forex market.
Looking at the live Litecoin chart, 25 and 26 Dec actually saw a $3.5-4.5 range.
It’s not difficult to image another volatile year for the currency which opened this morning at $23.33.
‘Just’ 5-10% Trading Ranges for Litecoin
Like most markets, LTC has been ‘fairly’ quiet over the Christmas period.
Having said that, it’s all relative. Whilst a number of days only traded in a $1-2 range that still means daily 5-10% moves, a lot, even for a forex market.
Looking at the live Litecoin chart, 25 and 26 Dec actually saw a $3.5-4.5 range.
It’s not difficult to image another volatile year for the currency which opened this morning at $23.33.
Update by Jacob Wood, Editor,
12 December 2013, 11:11am,
China has banned Chinese Bitcoin exchanges from accepting new deposits.
Both LTC and BTC prices have fallen off a cliff.
Litecoin opened on Monday at $30.45, but is currently trading down 70% at $9.13.
For more details see China Ban Bitcoin Exchanges from Taking Deposits.
Litecoin Falls 70% in 36 Hours
China has banned Chinese Bitcoin exchanges from accepting new deposits.
Both LTC and BTC prices have fallen off a cliff.
Litecoin opened on Monday at $30.45, but is currently trading down 70% at $9.13.
For more details see China Ban Bitcoin Exchanges from Taking Deposits.
Update by Jacob Wood, Editor,
12 December 2013, 12:03pm,
The new LTC CFD markets have been available for a week now, so I thought I’d have a quick look at the Litecoin vs Bitcoin charts.
Looking at last 8 days, not unsurprisingly, the two digital currencies have followed similar trends.
The following is only very rudimentary analysis, but it’s interesting to see the percentage moves for the period.
However, hopefully it highlights how volatile the digital currencies are.
Early Litecoin vs Bitcoin Trends
The new LTC CFD markets have been available for a week now, so I thought I’d have a quick look at the Litecoin vs Bitcoin charts.
Looking at last 8 days, not unsurprisingly, the two digital currencies have followed similar trends.
 |
Which Digital Currency is More Volatile?
The following is only very rudimentary analysis, but it’s interesting to see the percentage moves for the period.
- The Bitcoin daily market had a high of $1,054.19 and a low of $707.75, i.e. a 32.8% fall
- The Litecoin daily market had a high of $35.74 and a low of $17.99, i.e. a 50.3% fall
- The gold daily market had a high of $1,267.8 and a low of $1,220.5, i.e. a 3.7% move.
However, hopefully it highlights how volatile the digital currencies are.
Update by Jacob Wood, Editor,
12 December 2013, 4:54pm,
Spreadex suspended their Bitcoin market in November 2013 and IG have also stopped offering their Bitcoin binary markets.
So I must admit, I didn’t think the spreads firms would be keen on a Litecoin market, however, Spreadex have now opened a new rolling market, see spread betting on Litecoin.
New Litecoin Financial Spread Betting Market
Spreadex suspended their Bitcoin market in November 2013 and IG have also stopped offering their Bitcoin binary markets.
So I must admit, I didn’t think the spreads firms would be keen on a Litecoin market, however, Spreadex have now opened a new rolling market, see spread betting on Litecoin.
Update by Jacob Wood, Editor,
12 December 2013, 8:39am,
If you don’t fancy trading Litecoin and prefer to mine instead then there’s a user-friendly article on Forbes.com.
Yes, at the moment you can make money from Litecoin mining but you need to keep an eye on your electricity bill as well as how much time you spending on setting everything up.
For more details see How to build a Litecoin mining rig.
Want to Build Your Own Litecoin Mining Rig?
If you don’t fancy trading Litecoin and prefer to mine instead then there’s a user-friendly article on Forbes.com.
Yes, at the moment you can make money from Litecoin mining but you need to keep an eye on your electricity bill as well as how much time you spending on setting everything up.
For more details see How to build a Litecoin mining rig.
Update by Jacob Wood, Editor,
12 December 2013, 9:10pm, Plus500 have created a new LTC Contracts for Difference market, see Litecoin CFDs for details.
Update by Jacob Wood, Editor,
More Litecoin News
This content is for information purposes only and is not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
Litecoin Volatility Warning
It is still early days with the Litecoin market but, like Bitcoin, it is already looking very volatile.Therefore, any normal trading is high risk and, as always, you should only trade with money you can afford to lose.
If you use leveraged derivatives like spread betting or CFDs then you will only magnify your, already high, risks.
Litecoin Spread Betting
Spreadex have now opened Litecoin market. At the time of writing, it looks like this:- You can only trade over the phone
- You cannot set a stop order on this market
- You are trading per dollar movement
- You can go long (buy) and short (sell)
- Expiry: This is a daily rolling market, interest is charged at 10% + 1 Month LIBOR
- Spread: 2.5% either side of the underlying market
- Prices: Based on the BTC-e exchange
- Minimum stake: 50p
- Margin: 50%
Also see our review of Spreadex.
Litecoin CFDs
At the time of writing, the Plus500 Litecoin contracts for difference (CFD) market looks like this:- You can trade via the website or app
- Expiry: This market expires daily, it is not a typical rolling daily or futures market
- Spread Per Unit: $1.50 (~2.25%) either side of the underlying market
- Prices: Based on the BTC-e exchange
- Initial Margin: 20.00%
- Maintenance Margin: 10.00%
- Leverage: 1:10
- This CFD market is based in US dollars
(You may be able to trading Litecoin CFDS through other firms).
Also see Plus500 review.
About Litecoin
- Litecoin is a peer-to-peer digital currency similar to Bitcoin. It is based on the Bitcoin protocol but differs in that it can be efficiently mined with consumer-grade hardware
- The Litecoin network is scheduled to produce 84 million currency units in total
- Both Spreadex and Plus 500 are quoting prices are based on the BTC-e exchange
- It was first introduced 7 October 2011
- The symbol is Ł, a letter sometimes used in Polish. If you want to write the Litecoin symbol in html use the code Ł
- Nickname: LTC
- Subunits:
- 0.001Ł = mLTC (millicoin)
- 0.000001Ł = µLTC (microcoin)
- 0.00000001Ł = is the smallest LTC unit
Litecoin Technical Analysis
For good quality and free Litecoin charts, try bitcoinwisdom.com.- You can view the chart across a variety of periods, from 1 minute to 1 hour to 1 day etc.
- You can also easily add indicators like the MACD and Moving Averages
- The homepage defaults to a Bitcoin chart, just click ‘LTC/USD’ at the top of the page for the Litecoin chart
More Litecoin Information
For more details on Litecoin see:- ltc.block-explorer.com/charts – this is a very useful site for getting more charts & data on transaction volumes, prices etc.
- litecoin.org – this is the official Litecoin site and is better for programmers
- litecointalk.org – this is the main Litecoin forum
- litecoin.info – this wiki acts as a further resource for users looking for more generic information
- wikipedia.org/wiki/Litecoin – the wikipedia page is updated reasonably regularly on the bigger news stories
- On Twitter, try searching for #LTC and #Litecoin, both searches are currently yielding quite a few tweets
- There’s a reasonably active Litecoin community on Reddit , try to ignore the spam and the dodgy sales pitches
- There are a couple of new Litecoin communities on Google+ but these are seeing quite a bit of spam. A good quality community is yet to emerge
Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.