Litecoin Vs ForexCoin

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  • Today’s Litecoin Price

    1 LTC
    $297.87

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  • Today’s ForexCoin Price

    1 ForexCoin
    $

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When speaking of digital assets, how can one forget the Bitcoin-clone that created a huge ruckus in the cryptomarket with its upcoming SegWit upgrade? The soaring popularity of Litecoin is evident from the fact that its market price has gone up by a notch and many a global merchant has already started to accept LTC as an agreeable mode of payment. For those who are still wondering what the recent hype is all about, well here you go- cryptocurrencies are on the rise these days (with more than a thousand available in the market at the moment) and seem to take the world by storm. Cryptocurrencies like Litecoin have set the new standard for world economy with their open-source, decentralized networks that allow anyone and everyone to process quick transactions without the involvement of any third party or a centralized ruling body.

What is Litecoin?

Litecoin is a public ledger and is based on the blockchain technology that enables users to make peer-to-peer exchanges anywhere across the globe at near-zero charges. Often referred to as ‘digital silver’ by those who can’t stop gushing about its incredible features, Litecoin has, by now, established itself as a lucrative investment platform for potential users. You can mine Litecoin or simply buy LTC and wait for the prices to skyrocket. And if you are looking for something more exciting yet rational, you can opt for CFD trading.

Litecoin Trading with Forex Brokers

There are two major ways in which you can trade Litecoin. You can either visit a cryptocurrency exchange or make deals via Forex brokers. When you are trading on a Forex platform, you are essentially trading Litecoin CFD (Contract for Difference). This takes into account the fluctuations on the price of the asset. You do not have to ‘own’ an asset to crack a deal- you either earn money or lose it by trading Litecoin CFDs. However, you will not be able to make purchases or payments using these CFDs. There are a number of benefits that Forex offers to its CFD traders. Forex platforms are not only safer but also user-friendly. The best part is, you can pay via traditional means such as credit/debit cards, Skrill, PayPal, so on and so forth. With Forex brokers, you can also partake in margin trading. Below is a list of the Forex brokers that deal in Litecoin CFD Trading:

  • XM Trading Point
  • Grand Capital
  • IC Markets
  • LibertEx
  • Fort Financial Services
  • SuperForex
  • StartFX
  • 365Markets
  • HoldingFX