Best Bitcoin Brokers For Litecoin Trading

In the table above you find all recommended and established international Bitcoin brokers which support the BTC/LTC trading pair or even LTC-fiat currency pairs. Check out the listed sites in our broker reviews.

What Is Litecoin?

Litecoin was the first alternative cryptocurrency using the scrypt hashing alogrithm. In October 2011 the open source code has been released via GitHub by Charlie Lee an ex-Google employee. The different hashing algorithm compared to bitcoin's SHA-256 offers lower block generation time and improved storage efficiency. The maximum number of coins are also more for litecoin compared to bitcoin, the litecoin network will produce 84 million litecoins in total that is four times as many cryptocurrency units as will be issued by the bitcoin network. Currently 51.8 million litecoins have been mined so far.

Litecoin Price Movement

After the initial release the Litecoin price has been hoovering around 2-3 dollars for years. The first huge spike occured in the end of 2013, when the price climbed up to 37 dollars within couple of days. After that litecoin started to scroll off from the peak and by the end of 2014 it worth again only 3 dollars. The bottom of the decrease in value occured in January 2015, when one litecoin only worth 1.5 dollars. The price stagnated within the 3-5 dollars range up until 2017 when the SegWit activation skyrocketed the price. Since the end of March 2017 the litecoin price surged to more than 50 dollars by the end of June.

SegWit was originally a protocol proposed for the bitcoin network, in order to solve the scaling problem of the block size. This is basically an upgrade in the software that will enable to increase the capacity of the blockchain network to process more transaction in shorter time. SegWit went live on the litecoin network on May 10th in 2017, which also was visible in terms of the price which double just days before the activation. Ever since then the protocol is working as expected enabling cheaper and quicker transactions compared to other blockchains.

The future of litecoin looks promising. The Litecoin Foundation released a road map in May 2017 about the future development milestones. The next big thing for litecoin will probably be the Lightning Network which is already under test phase. This new feature would let off-blockchain verification of blocks which could potentially disarrange the whole cryptocurrency world and can have a huge impact on the price as well.

Bitcoin Broker Platforms Offering Litecoin Trading

Cryptopia

Cryptopia charges 0.2% trading fee for orders on litecoin.
Visit Cryptopia Website Read Cryptopia Review

Avatrade

Avatrade sources the litecoin prices from BTC-e, the CFDs follow the prices of the cryptocurrency, but you do not own litecoins directly. Avatrade charges the clients 0.30 USD over the market price.
Visit Avatrade Website Read Avatrade Review

Etoro

Etoro does not charge fees for placing orders or maintaining the account. But they have a 5 USD inactivity fee and charge users for withdrawals..
Visit Etoro Website Read Etoro Review

FXOpen

At FXOpen the litecoin trading commission is 0.25% half-turn. FX Open also charges 10 USD maintenance fee on inactive accounts.
Visit FXopen Website Read FXopen Review

Bittrex

Bittrex charges a fixed 0.25% trading fee on each litecoin order. Withdrawals are free of charges, you only have to pay the transaction fee to the network.
Visit Bittrex Website Read Bittrex Review

Kraken

Kraken has a flat 0.02 LTC as fee for withdrawing funds from the account. Trading fees ranges between 0.00% and 0.26% and set according to the maker-taker schedule based on volumes traded on the platform. Simple order costs 0.26%, advanced order types you can only pay 0.16% as market maker.
Visit Kraken Website Read Kraken.com Review

GDAX

GDAX applies a maker-taker fee schedule for litecoin trading. Maker fees are 0%, taker fees are between 0.1% and 0.3% based on the last 30 days of trading volume on the platform.
Visit Gdax Website Read GDAX.com Review

Poloniex

Poloniex employs a volume based maker-taker fee schedule. Fees ranges between 0.00% and 0.25% depending on the last 30 days of trading volume on the account.
Visit Poloniex Website Read Poloniex Review

More about Litecoin:

Official Litecoin Website
Discussions about Litecoin on Reddit
Comparing Bitcoin and Litecoin technically

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Technical Analysis of Cryptocurrency

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Golden Bitcoin Trading Rules:

Don't leave your coins long term on a trading platform
Never buy tops
Understand Technical Analysis
Know your exit target before a trade
Read about blockchain technology
Keep track on Bitcoin news
Trade without emotions (fear and greed)
Only put small amounts in single trades
Only trade with money you can afford to lose

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Disclaimer:

This website doesn't give any financial advice. It's a collection of information publicly shared. We assume no liability for the completeness or accuracy of the information. It's the reader's very own decision what to do with her or his capital. This website does not replace a personal financial advisor, which should always be consulted for investment or trading matters.