LTC/USD CFD Trading
The LTC/USD pair includes one of the most popular cryptocurrencies and the most traded fiat currency. This contributes to exciting price swings. Interested? Start trading LTC/USD CFDs with FXOpen today!
What Is LTC/USD CFD Trading?
LTC/USD CFD trading refers to the practice of trading Contracts for Difference (CFDs) based on the
price movements of Litecoin against the United States dollar. CFDs are financial derivatives that
allow traders to trade on the price fluctuations of various underlying assets, including
cryptocurrencies, without the need to own them.
LTC/USD is a trading pair that represents the exchange rate between Litecoin and the United
States dollar. Litecoin is a well-known cryptocurrency, and USD is one of the world's most widely
used fiat currencies. Therefore, LTC/USD is one of the largest pairs by trading volume.
To get the most up-to-date insight into the recent performance of this pair, check the LTC/ USD
chart on the TickTrader platform. It can help you make informed
decisions at home or on the go – no matter if you use the desktop version, web terminal, or mobile
app. Our real-time chart includes the very latest prices, historical data, and technical analysis
tools to help guide your next trade.
Historical Price Performance of LTC/USD
The LTC/USD pair has experienced significant price volatility.
Litecoin was created by Charlie Lee and launched in October 2011 as one of the earliest
altcoins. In the early years, Litecoin gradually grew and gained popularity as a faster and more
lightweight alternative to Bitcoin.
In late 2013, Litecoin price experienced a significant rally, reaching over $40, partly driven
by LTC increasing recognition and adoption. However, a strong bullish trend started only in
2017. In December 2017, the price of LTC reached an all-time high of around $375, following
Bitcoin's surge and the general crypto market enthusiasm.
After reaching its peak, Litecoin, like many other cryptocurrencies, corrected, and its price
declined significantly in the following months.
In 2019-2020, the cryptocurrency experienced significant volatility. A new uptrend began in
2021, and LTC set a new all-time high, skyrocketing above $400. However, this was followed by a
dramatic fall.
Fortunately, at FXOpen, traders can take advantage of both rises and falls in the market via CFD
trading. With us, you can trade LTC/USD at TradingView, MetaTrader 4/5, and TickTrader.
Major Factors That Affect the LTC/USD Rate
The exchange rate of Litecoin against the United States dollar is influenced by a wide range of factors.
- Overall sentiment and trends in the cryptocurrency market can influence the value of LTC.
- The adoption of this cryptocurrency for various use cases, such as online payments and remittances, can impact its demand. News of partnerships or increased utility can drive positive sentiment.
- Changes and upgrades to the Litecoin network, including improvements in scalability and security, can affect the perception of the cryptocurrency and its value.
- Litecoin, like Bitcoin, features periodic halving events that reduce the rate of new coin issuance. These events can influence supply dynamics and LTC price.
- Regulatory changes and government policies regarding cryptocurrencies can have a significant impact on the market.
- Economic factors, such as inflation, interest rates, and geopolitical events, can affect the demand for cryptocurrencies as alternative assets.
- Security breaches, hacks, or vulnerabilities in cryptocurrency exchanges or wallets can lead to a loss of confidence in the market and impact prices.
* At FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under ASIC Rules. They are not available for trading by Retail clients.