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Litecoin CFD Brokers and Crypto CFD Trading Platforms – Compare Here

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Litecoin CFD Trading

Litecoin CFD trading CFD products are a popular form of crypto trading and in this article, we will focus on Litecoin CFD trading. Litecoin (LTC) is inspired by Bitcoin (BTC) and technically very similar to bitcoin. In this article we will not discuss the underlying technology but we will review the Litecoin trading platforms and Litecoin CFD trading specifically. We will cover the following subheadings:

  • What is CFD trading?
  • Litecoin CFD trading platforms
  • Best Litecoin CFD trading platform
  • Litecoin CFD trading UK

What is CFD Trading?

CFD stands for contract for difference. CFDs are popular instruments for derivative trading. CFD allows you to speculate in both upward pricing and falling prices in many different markets, including crypto markets and Litecoin specifically

Litecoin CFD Trading Platforms

There are several good platforms that offer Litecoin CFD trading. There are many CFD platforms on the internet and many of them are not serious. We recommend that you choose one of the big well-established players who are regulated and have a serious marketing. In this article, we will focus on Plus500, Avatrade, eToro and Markets. The reason for choosing CFD trading platforms may be that they offer leverage trading. These platforms also have well-developed interfaces and trading features since they have existed for a long time compared to pure crypto trading platforms. 

Best Litecoin CFD Trading Platform

To determine which one is the best platform, we need to set up some parameters that we can compare. There is no platform is the best on all parameters you can compare. This is also why there are many different CFD trading platforms.

1. Litecoin CFD Trading eToro

eToro is the most famous online brokers. eToro is at the forefront of developing new products and listening to what customers demand for functions. eToro is best known for its developed platform for social trading. Etoro has a total of 11 different cryptocurrencies to trade and 65 crypto markets. Etoror offer markets in NZD, crypto-crypto, CAD, CHF, AUD, JPY, GBP and EUR. eToro is definitely the best platform for CFD cryptography, including Litecoin CFD trading.

Litecoin CFD trading leverage: 1: 2

Litecoin CFD trading markets: LTC / USD

Litecoin CFD trading spread: 1.90%

Litecoin CFD overnight fee buy: -0.018607%

Litecoin CFD overnight fee sell: -0.018607%

In the screenshot below you can see all 65 cryptomarkets at eToro.

eToro Review

2. Litecoin CFD Trading Plus500

Plus500 is an established and well-known player in CFD trading. Plus500 has a total of 13 crypto trading markets and all of them are in USD.

Litecoin CFD trading leverage: 1: 2

Litecoin CFD trading markets: LTC / USD

Litecoin CFD trading spread: 0.91%

Litecoin CFD overnight fee buy: -0.0506%

Litecoin CFD overnight fee sell: 0.0397% 3.

Plus500 Review

 

2. Litecoin CFD Trading Avatrade

Avatrade is a well-known player in CFD trading. Avatrade offer 10 different crypto markets and have BTCEUR and BTCJPY and all other are in USD.

Litecoin CFD trading leverage: 1: 2

Litecoin CFD trading markets: LTC / USD

Litecoin CFD trading spread: 1.5%

Litecoin CFD overnight fee buy: -0.1000%

Litecoin CFD overnight fee sell: -0.0333%

Avatrade Review

 

2. Litecoin CFD Trading Markets.com

Markets is a well-known player in CFD trading. Markets offer in total 6 crypto markets and all of them are in USD. Subject to Risk Management policy at Markets, the exposure limit per account of all CFDs with the underlying instrument being Cryptocurrencies (excluding Bitcoin Futures) is limited to the total position value of $ 2,000.

Litecoin CFD trading leverage: 1: 2

Litecoin CFD trading markets: LTC / USD

Litecoin CFD trading spread: 16.6%

Litecoin CFD overnight fee buy: -0.2800%

Litecoin CFD overnight fee sell: -0.2800%

Litecoin CFD Trading UK

CFD trading is popular in the UK and many CFD trading platforms have offices or departures from London or UK. While all CFD platforms are banned in the United States, all of these are regulated within the UK. 

CFD Trading Pros and Cons

Pros

  • Leverage (but most crypto markets only offer 1: 2 leverage for the moment)
  • Trading long and short
  • Low commission (Only spread)
  • Good platforms
  • Regulated platforms

Cons

  • High risk (leverage products)
  • Overnight fees (Because of the leverage)
  • Not beginner-friendly

Conclusion – Litecoin CFD Trading

The reason for using a CFD platform is that they offer leverage products and have established platforms with developed products.

In this comparison between different Litecoin CFD trading platforms, we found that eToro is the best CFD trading platform for all crypto currencies. They have the best interface, best products, most products and competitive price spreads and overnight fees.

The post Litecoin CFD Brokers and Crypto CFD Trading Platforms – Compare Here appeared first on Cryptocointrade.

Source: https://www.cryptocointrade.com/crypto-trading-blog/litecoin-cfd-trading/?utm_source=rss&utm_medium=rss&utm_campaign=litecoin-cfd-trading

Blockchain

Chainlink up 30% following six-week downtrend and developer selloff

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Following a six week downtrend from its all-time high, LINK has rebounded 30% in the past 24 hours after a reported developer selloff resulted in downward pressure on the oracle protocol token’s price.

The strong rebound in the Bitcoin price, a sea of green among DeFi coins and a new Chainlink partnership announcement have all contributed to the price increase.

Chainlink’s native token had fallen over 60% from its peak of $20 mid-August, bottoming out at crucial support levels around $7.50 on Thursday, September 24. The six week downtrend appears to have been been accelerated by multiple sales of large chunks of LINK from what UK crypto publication Trustnodes reports is the dev address.

This ‘dev address’ has been selling batches of 500,000 tokens, worth approximately $4.8 million per batch at current prices, regularly over the past six months. The frequency of sell-offs increased after LINK hit its all-time high last month. The address shows several outflows to a Binance address but then the trail goes cold.

There are around 26 million tokens remaining in this address, worth an estimated $258 million at current prices.

Image – Etherscan.io

Since its peak, LINK market capitalization has declined from more than $7 billion to around $3 billion currently, however it remains one of the best performing crypto assets this year surging over 1000% from January 1st to its all-time high. At current prices, it is still up 450% since New Year’s day.

The selloff has dropped prices back to a crucial support level and the ‘Link Marines’ appear to have chosen this point to load up again. The $7 to $8 price zone was where LINK held in July before its epic run up to $20. A return to that level this week has catalyzed buying pressure as traders eyed a long overdue bounce yesterday.

That bullish momentum mounted resulting in a surge of 30% in less than 24 hours as LINK prices topped out at $10 a few hours ago. Since then, prices have retreated a little and are currently hovering around $9.80.

Chart – Tradingview.com

The price bump came hours after Chainlink announced a partnership with travel company Travala.com. LINK has been integrated as a payment method on the crypto friendly hotel booking platform and token holders can book accommodation in over 2.2 million hotels and homes in 230 countries.

Bitcoin’s momentum may have also had an effect. The king of crypto is well known for its capacity to move the rest of the market and it too bounced off support at $10,250 with a gain of 5% in push to $10,750 over the past 24 hours.

Source: https://cointelegraph.com/news/chainlink-up-30-following-six-week-downtrend-and-developer-selloff

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Chainlink Price Prediction: LINK Soars 30%, Bulls Aim Higher Towards $14

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  • Chainlink decouples from Bitcoin and other major currencies, rallying to highs above $10.
  • LINK/USD has the potential to keep the uptrend going, a descending wedge pattern breakout is in the offing.

Chainlink rallied massively in the last 24 hours, reminding investors in the cryptocurrency market that we are still in a bullish market. The last three weeks have not been particularly rewarding for not only LINK but also other digital assets. For instance, Chainlink continued with the downtrend started in August after trading all-time highs of $20.

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Initially, support was established at $14, and for some time, it kept bears in check while allowing buyers to focus on higher levels. A minor recovery just before September revisited the resistance at $18. However, declines ushered in the new month, leading to losses under $10. Chainlink explored the rabbit hole towards $7.

Over the last 24 hours, the smart decentralized oracle live price feed token resumed the uptrend. LINK climbed above key levels including $10. Unfortunately, it has been an uphill task breaking the resistance at the 100 Exponential Moving Average (EMA) in the daily range. LINK/USD has retreated to $9.8 amid attempts from the bullish camp to pull above the $10 key level.

Read also: Bitcoin Technical Analysis: BTC Retreat Imminent After Hitting Barrier At $10,800

LINK/USD daily chart

LINK/USD price chart
LINK/USD price chart by Tradingview

Intriguingly, Chainlink still has the potential to continue with the uptrend. The losses incurred in the past few weeks have narrowed into a descending wedge. LINK/USD is very close to breaking the upper trendline resistance. The much-anticipated move depends on the ability of the bulls to disperse the seller congestion at the 100-day EMA. Following the breakout, more resistance should be expected at the 50-day EMA ($11.45) as well as $14.

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LINK Intraday Levels

Spot rate: $9.80

Relative change: -0.07

Percentage change: -0.53

Trend: Short term bearish bias

Volatility: Low


To get the daily price analysis, Follow us on TradingView

Author: John Isige




John is a talented writer with over two years of experience actively contributing to the cryptocurrency industry by providing credible, interesting and easy to read the content. His main focus is on cryptocurrency price analysis and industry news coverage. Lets follow him on Twitter at @jjisige

Source: https://coingape.com/chainlink-price-prediction-link-soars-30-bulls-aim-higher-towards-14/

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You can now trade on Uniswap without leaving Twitter

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Mask Network has launched a trading widget allowing Twitter users to access market data and trade Ethereum-based crypto assets without leaving the platform.

Powered by Uniswap and CoinMarketCap, the new Mask widget brings up a window featuring market data and an interface for trading on Uniswap when users hover the mouse pointer over crypto asset tickers in posts.

In a Tweet thread announcing the new widget on September 24, Mask Network (formerly known as Maskbook) said it hopes to expand the service to other popular social media sites such as Facebook as well as other protocols in the decentralized finance (DeFi) ecosystem.

Mask has come a long way since its initial launch in July 2019. Back then its widget was designed to enable Twitter and Facebook users to encrypt posts on the platforms. 

Mask has since developed a number of ‘applets,’ including a feature that detects all tweets containing a Gitcoin URL to enable readers to make direct deposits to a grant campaign in one click without leaving Twitter.

A new version of Mask is slated for release in 45 days, bringing a yield aggregator, portfolio analysis, and ‘Initial Twitter Offering’ features to the widget. They are yet to explain what that is.

There are also plans for the widget to offer peer-to-peer payments, token issuance, and decentralized storage functionality to Web 2 users. The team is also eying the e-commerce sector, predicting that future versions of the widget will facilitate a booming market for social content in the form of non-fungible tokens (NFTs).

Source: https://cointelegraph.com/news/you-can-now-trade-on-uniswap-without-leaving-twitter

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