We found 11 online brokers that are appropriate for Trading Litecoin Investment Platforms.
To forecast the possible future price of Litecoin, we must first understand its technology and price history.
Litecoin is a fork of Bitcoin and is one of the earliest Altcoins ever made. As with every crypto asset, the main reason for creating this coin was to be used as a currency for day-to-day transactions.
What makes this Altcoin better than Bitcoin is its transaction time & transaction fee. According to its users, Litecoin transactions are four times faster than Bitcoin and the fee for each transaction is also much lower. So, in terms of speed & fees, Litecoin is way ahead of BTC.
In the present day, sending BTC to another wallet has become very costly due to an increase in the price of Bitcoin. Not only it is taking more time for transactions to be verified, but the costs of doing so have increased manifold too.
On the other hand, LTC offers instant transfers and near-zero transaction costs for all its users. That is the major benefit this cryptocurrency holds. What is the point in using a currency in day-to-day life if it is too expensive & takes too long to move between wallets? Long times & high costs hinder the mass-scale adoption of BTC. That is not the case with LTC which makes it a good choice for investment.
Let us take a look a closer look at what this coin has to offer.
LTC blockchain is way ahead of the BTC blockchain. According to experts, LTC can handle several more transactions when compared to BTC without being congested or becoming too slow. How do LTC provide faster speeds? By generating new blocks more frequently, the network is capable of handling a higher transaction volume without modifying the source of the software.
Cryptocurrencies usually reward miners by paying them with crypto. At the time of writing this article, miners are paid 12.5 LTC per block. However, this amount will continue to be halved every 4 years. So the network will have to produce 84 million Litecoins before the reward for mining reaches a value of zero. That is four times more than the number of BTC within the same time period.
LTC is operated via an open-source software that allows anyone to distribute, modify, and run it. The open-source nature of LTC allows for transparency and quick fixing of bugs if any are present.
This crypto is blessed with one of the most active communities in the crypto ecosystem. Having such a vibrant ecosystem means that people discuss how to improve the coin, fix bigs quickly, and collaborate to improve the coin.
From the start of 2020 to today, LTC has gained +580% in value while BTC has gained +760% during that same time. So, in terms of return on investment (ROI), LTC is also quite attractive.
At the start of 2020 one could buy LTC for around $41. Today it is above $250, and who knows what it could be trading at in a month or few from now.
Today we will take a look at some of the possible future moves LTC/USD might make.
2018 was a bad year for LTC as it dropped from a high of $369 to a low of $21 in December 2018. Today, the price of LTC has almost recovered and is trading above $250. If we draw a Fibonacci Retracement from Jan 2018 to Dec 2018 (period of fall), we can see that price has almost recovered by 61.8%.
With the Fibonacci Retracement tool, the levels of 50% and 61.8% are important. Such a recovery shows that LTC/USD is operating within a strong uptrend at the moment and could go higher without hitting any issues along the way.
We can also see a triangle formation which formed during the period of January 2019 to February 2020. Prices eventually broke out of the triangle formation in an upward direction. That was also a bullish signal and LTC reached the measured target of the triangle at $175. This is another signal which indicates that LTC is still currently working within its bullish trend.
Now that we have established a bullish trend in LTC, let us take a look at where it might reach in the near future.
According to the Fibonacci Retracement tool, LTC/USD has the potential to target its all-time high of $370. We may see some selling around the $370 mark as it is a strong resistance point from where the price went downhill.
From Feb 2021 to Mar 2021, prices started trading inside a symmetrical triangle. It eventually broke out upwards in April 2021 with a potential target of $295. This might be a coincidence, or it might not, but that level directly correlates with the 78.6% retracement level.
Therefore, the first potential target value for LTC/USD in the near future is around $295-$300. If the price breaks above this resistance level with strong volume, the next target will be an all-time high of $370.
On the downside, its price could drop and find support at the $200-$195 region, which also represents the 50% level. Below that, we would see the levels of $155-$150 and finally $104-$100.
The bias is towards upside, however, due to such a recent strong uptrend which is has been maintained by the LTC/USD currency pair.
We have conducted extensive research and analysis on over multiple data points on Litecoin Price Prediction to present you with a comprehensive guide that can help you find the most suitable Litecoin Price Prediction. Below we shortlist what we think are the best Litecoin Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Litecoin Price Prediction.
Selecting a reliable and reputable online Litecoin Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Litecoin Investment Platforms more confidently.
Selecting the right online Litecoin Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Litecoin Investment Platforms trading, it's essential to compare the different options available to you. Our Litecoin Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Litecoin Investment Platforms broker that best suits your needs and preferences for Litecoin Investment Platforms. Our Litecoin Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Litecoin Investment Platforms.
Compare Litecoin Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Litecoin Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Litecoin Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Litecoin Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Litecoin Investment Platforms that accept Litecoin Investment Platforms clients.
Broker | IC Markets | eToro | XTB | Pepperstone | AvaTrade | EasyMarkets | SpreadEx | FXPro | Plus500 | Admiral | UFX |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
Min Deposit | 200 | 100 | No minimum deposit | 200 | 100 | 100 | 1 | 100 | 100 | 200 | 500 |
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Used By | 180,000+ | 30,000,000+ | 935,000+ | 400,000+ | 300,000+ | 142,500+ | 10,000+ | 1,866,000+ | 24,000,000+ | 10,000+ | 10,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk |
Demo |
IC Markets Demo |
eToro Demo |
XTB Demo |
Pepperstone Demo |
AvaTrade Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Plus500 Demo |
Admiral Markets Demo |
UFX Demo |
Excluded Countries | US, IR, CA, NZ, JP | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR | MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO | US, CA, JP, SG, MY, JM, IR, TR | DZ, BZ, IL, JO, LY, MU, SD, SY, TN, US, YE, PK, BE |
You can compare Litecoin Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Litecoin Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Litecoin Investment Platforms below.
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Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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