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What is Litecoin Trading?

Litecoin is a digital currency, originally created in 2011 by a Google engineer called Charlie Lee. Charlie Lee modified, also known as fork, the Bitcoin code that was made public. Litecoin’s algorithm got popular since it’s not as complex to mine as Bitcoin. 

Litecoin (LTC) is comparable to Bitcoin in many of its characteristics, however, there are two main differences between their blockchains: speed and amount. To create one block on Bitcoin it takes 10 minutes, while Litecoin needs roughly 2.5 minutes. This is mainly due to its more frequent block generation – meaning 4 times the speed. 

Litecoin trading with baxia markets offering cryptocurrency

Moreover, Litecoin blockchain attracts many users, as it can produce 84 million coins, which is four times the quantity of Bitcoin capability.

Litecoin Trading

Litecoin offers substantial liquidity, trade volume and industry support, since it has been in the crypto market for quite a while for now.

At Baxia Markets you can profit from Litecoin’s price movements. If you feel the prices will go up, you can buy Litecoin with us, however if you feel the prices are going down, you can also sell Litecoin and benefit from a bear market without owning the underlying asset.

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Benefits of CFDs on Litecoin Trading

We offer you the leverage of 5:1, meaning you can potentially increase your profits with a smaller investment. Open an account with us and start trading Litecoin today. Trading Cryptos is commission free.

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