Article Hero

Litecoin how to buy

1637857878.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
16 February 2023
Buying Litecoin is an investment that comes with significant risk. While LTC trading experienced immense highs, it is also fallen to devastating lows. Here is to buy Litecoin (LTC).

What is Litecoin

Litecoin (LTC) is a cryptocurrency that enables institutions and individuals to transfer money on the Litecoin blockchain. The Litecoin blockchain is a decentralized payment network and it was created in October 2011, by an MIT graduate and a former Google engineer, Charles Lee. The network uses the Bitcoin open-source code, with a few modifications. Today, the network is maintained by the Litecoin Foundation, a community-run organization committed to the development and adoption of Litecoin.

As with the Bitcoin network, the Litecoin blockchain doesn’t need a central entity to run the blockchain and is relies solely on the Proof-of-Work consensus mechanism to register transactions and validate and generate new blocks on the network. Unlike Bitcoin, Litecoin is faster at validating transactions and block generation rates.

Litecoin is one of the oldest altcoins and represented a strong competition for Bitcoin in the early days. However, as the crypto space grew more and more, other networks and cryptocurrencies got more interest than Litecoin.

When the founder announced the creation of a new cryptocurrency on BitcoinTalk, the now-famous crypto forum, it was called a “lite version of Bitcoin”. The creator borrow the same core features found on the Bitcoin blockchain and changed other aspects that he thought he could improve.

The total Litecoin (LTC) supply is fixed and there can only be 84 million LTC. A new block is generated on the Litecoin blockchain every 2.5 minutes. As with any Proof-of-Work network, Litecoin relies on a miner (special computer hardware) to verify and record Litecoin transactions.

Miners get incentives for supporting the network and get a set number of LTC tokens after they successfully add a new block to the network. The rewards for miners get cut in half every four years, just like in the case of Bitcoin. The Litecoin Foundation estimated that the rewards will finish in the year 2142.

As of November 2021, the price of Litecoin is around $222.34 and there are 69 million LRT in circulations. Currently, Litecoin (LTC) ranks as the 14th cryptocurrency by market capitalization. The current block reward is 12.5 LTC and the next halving is expected in August 2023.

As crypto exchanges have become more accessible and the LTCUSD price has risen, more people have begun to invest in cryptocurrency. Litecoin trading is allowing a great transfer of wealth and even new investors can hope to profit from its fast growth and earn higher returns than they would on the stock market.  

With so much attention from the media and financial traders, new cryptocurrency investors are always looking for advantageous ways (platforms) to buy Litecoin (LTC) online. Luckily, there are numerous services and guides on how to buy Litecoin to help you get started in the cryptocurrency market. 

 

Where to Buy Litecoin   

There are two ways cryptocurrency investors can choose when searching how to buy Litecoin online: 

  • Cryptocurrency exchange
  • Online Brokers 

Crypto exchanges might be a good option for holding your funds, especially if you plan to withdraw them to a private wallet.

Online brokers are another great option where to buy Litecoin (LTC), which is increasing in popularity lately due to ease of trading, fast transaction, and greater control over the digital assets in your portfolio.  

When you use a broker platform, you gain access to a comprehensive feature set that will assist you in more precisely calculating your strategies and risks. As a result, you will be able to add more indicators to the chart and use the built-in technical analysis tools. However, unlike an exchange, the broker platform will not provide you with the same large offer of cryptos to trade.  

Additionally, global brokers like CAPEX also provide a few options to indirectly invest in Litecoin and other cryptocurrencies: cryptocurrency Exchange-Traded-Funds (ETFs) and companies connected to cryptocurrencies (crypto stocks). 

Such multi-asset platforms hand investors many useful financial instruments that can generate a passive income (interest with forex trading or dividend with stock trading). 

Buying Litecoin (LTC) over an exchange 

If you want to participate in a crypto project development and own the digital asset, you can buy Litecoin (LTC) online through a cryptocurrency exchange, such as Binance, Kraken, Bittrex, or Coinbase, and store it in a digital wallet.  

Having an account on a cryptocurrency exchange allows you to send and receive Litecoin (LTC). Transferring Litecoin is like the way traditional bank transfers work, except for the bank account address, which is replaced with a Litecoin address. Because digital currency is transmitted directly between individuals without needing third-party entities, such as banks, transaction fees are cheaper than those charged by traditional institutions. 

If you want to hold your crypto for a longer time, it is advised to transfer them from the crypto exchange to a secure cryptocurrency wallet. Wallets are much safer, and each private crypto wallet has a private key. It is critical to keep your private key safe because you won't be able to access your crypto without it, and if it's easily available, your funds could be stolen. 

Buying Litecoin (LTC) through an exchange is for those who want to use it for day trading or purchasing crypto to transfer to a wallet. When you’re buying Litecoin (LTC) through a cryptocurrency exchange, you own the digital asset, and you can transfer it to a crypto wallet or do whatever you wish with it. If the price of Litecoin rises, then the value of your portfolio goes up as well. But if the price of Litecoin (LTC) falls, then the value of your portfolio falls, while the amount of Litecoin (LTC) remains the same. 

Here are the main drawbacks when buying Litecoin (LTC) through a cryptocurrency exchange: 

  • Cryptocurrency exchanges may not be regulated in your country and offer little to no protection for investors.  
  • The matching engines and servers on Litecoin (LTC) exchanges are often unreliable, leading to the inability to access your account and control your funds. 
  • Cryptocurrency exchanges have many restrictions and limitations for their services, including transaction fees, withdrawal fees, and imposing minimum amounts for funding and withdrawing funds.  

The good news is that investors can limit the risks presented by the crypto exchange by trading Litecoin (LTC) with contracts for difference (CFDs). Litecoin (LTC) CFDs allow you to speculate on the price of the cryptocurrency without having to own the digital asset.

Read on if you want to learn to trade Litecoin with capex.com in the most convenient way. 

Buying Litecoin (LTC) with an Online Broker 

Trading Litecoin (LTC) with an online broker like CAPEX means that instead of owning Litecoin outright, you’ll be speculating on its price with CFDs.  

The main difference between buying Litecoin (LTC) from an exchange and buying Litecoin (LTC) from an online broker is that you don’t own Litecoin (LTC) when you use a broker. Owning crypto requires investors to have a crypto wallet, either within the exchange or a private wallet. But when you purchase Litecoin (LTC) CFDs using an online broker, the CFDs are stored in your account and are far more liquid, which makes trading CFDs more popular. Unlike cryptocurrency exchanges, online CFDs brokers are regulated by financial authorities.   

The Alternative Way to Invest in Litecoin (LTC)  

Trading CFDs is a process of buying or selling CFDs and can generate a profit if the value of the asset moves in the direction of the investor’s prediction, or a loss if the market goes against him. 

You can buy Litecoin CFDs (go long) if you believe the value of the digital asset will increase.  

At the same time, you can “go short” if you believe that the price of the underlying asset, in this case, Litecoin (LTC), will decrease, by selling CFDs. 

Trading CFDs provides leverage, and you can open your position by depositing only a margin.  

For example, if a trader wants to buy 10 Litecoin CFD at $200 would only require $1.000 of trading capital. 

It’s important to remember that leverage can increase both your profits and your losses, and they will be based on the full exposure of the trade, not just the margin requirement needed to open it. Potential losses, as well as profits, could exceed your margin. 

Concisely, if you choose to trade crypto CFDs, you can profit from the difference between the buying and the selling position.  

With CAPEX, you can trade CFDs on futures or spot prices. Trading CFDs on futures gives you exposure to the futures market, but without requiring you to take on any obligations or worry about any of the other nuances that are associated with futures trading. 

Buy Litecoin CFDs - Go Long

Instead of taking ownership of Litecoin, you can place a ‘long position’ translates to buying Litecoin CFDs. Your position, or Litecoin CFDs, will increase in value according to the increase in the price of the digital asset Litecoin’s price increases. If the price of Litecoin falls, then your position will lose value and can lead to loss. 

Let’s assume that Litecoin is trading at a sell/buy price of 220.20/220.80 USD. You want to buy 20 CFD (units) because you think the price of Litecoin will go up. Litecoin has a 1:2 leverage or a margin rate of 50%, which means that you must deposit only 50% of the position’s value as position margin. 

In this example, your CFD position margin will be $2208 (50% x (20 units x $220.80 buy price)). Losses greater than the margin can occur if the price of Litecoin moves against your position. 

Outcome A: a profitable trade 

If your prediction was correct, and the price of Litecoin surges over the next hours or days, then you have made a profitable trade. If the sell/buy price is 200.80/201.40 USD when you decide to close your position by selling at 200.80 (the new sell price), then your profit will be $400. 

The price has moved $20 (220.80 – 200.80) in your favor. Multiply this by the size of your position (20 units) to calculate your gross profit which is $400. 

If the position was closed during the day, there will not be any swap charges and the net profit is $400. 

If the position was closed after a few days, there will be swap charges according to the overnight rollover specification, in this case, -0.0563%. 

Let us assume the position was closed the next day, the overnight swap calculation formula will be: 

  • Overnight swap = 20 (units) x $210.50 (price at rollover) x 0.0563% x 1 (days) = $2.37 

Therefore, your total profit on Litecoin CFD is your gross profit plus the rollover cost. 

  • $400 - $2.37 = $397.63 net profit 

Outcome B: a losing trade

If your prediction for the price of Litecoin was wrong, the Litecoin CFD trade will result in a loss. Let’s assume that the price of Litecoin drops over the next hour to a sell/buy price of $228.20/229.00. Because you want to limit the loss in the eventuality that the price continues to drop, you can sell at $228.20 (the new sell price) to close the position. 

The price has moved $7.4 (228.20-220.80) against you. Multiply this by the size of your position (20 units) to calculate your loss, which is $148. 

Sell Litecoin EUR CFDs - Go Short

In this CFD example, Litecoin EUR is trading at a sell/buy price of 201.40/202.00 EUR. Assume you want to sell 10 CFDs (units) because you think the price will go down. Litecoin has a 1:2 leverage or a margin rate of 50%, which means that you only must deposit 50% of the position’s value as position margin.  

In this example, your CFD position margin will be €1010 (50% x (10 units x €202 sell price)). Remember that if the price moves against you, it is possible to lose more than your initial position margin of €1010. 

Outcome A: a profitable trade 

Your prediction was correct, and the price falls over the next 2 days to a sell/buy price of 179.40/180 EUR. You decide to close your trade by buying back at €180 (the new buy price). 

The price has moved €22 (202-180) in your favor. Multiply this by the size of your position (10 units) to calculate your profit, which is €220 gross. 

Let us assume the position was closed after 2 days, the overnight swap calculation formula will be: 

  • Overnight swap10 (units) x 190.40 (average price at rollover) x 0.096% x 2 (days) = €1.83 

Therefore, your total profit on Litecoin CFD is your gross profit minus the rollover cost. 

  • €220 - €1.83 = €218.17 net profit 

Outcome B: a losing trade 

Unfortunately, your prediction was wrong, and the price of Litecoin EUR rises over the next hour to a sell/buy price of €210/210.60. You feel the price is likely to continue up, so to limit your potential loss you decide to buy at €210.60 (the new buy price) to close the position. 

The price has moved €9.2 (210.60-201.40) against you. Multiply this by the size of your position (10 units) to calculate your loss, which is €92 

If you are not ready to trade CFDs at spot or futures prices yet, we have also got educational resources like CAPEX Academy with free courses on how to trade. Plus, we offer a demo account – giving you $50,000 in virtual funds to build your confidence in a risk-free environment. 

Investing in Litecoin without actually buying Litecoin  

While buying and day trading cryptocurrency is a major trend right now, it is important to remember that cryptocurrencies are a volatile and risky investment choice. If investing in crypto on an exchange or via a broker does not feel like the right choice for you, here are a few options to indirectly invest in Litecoin and other cryptocurrencies: 

Exchange-Traded Funds - Crypto ETFs 

Exchange-traded funds (ETFs) are popular investment tools that allow investors to buy exposure to hundreds of individual investments in bulk. That is why ETFs are a means of diversification for your portfolio and as less risky than investing in individual investments.  

crypto ETF allows investors to trade cryptocurrency on a traditional market and eliminates the need to trade the asset on a crypto exchange. Another advantage of trading crypto ETFs is that investors do not have to worry about the security aspects of trading crypto.  

US investors can enter the crypto market by using ProShares Bitcoin Strategy ETF (BITO). The Fund provides capital appreciation through managed exposure to bitcoin futures contracts. 

A Litecoin ETF could come in 2022. The approval of a Bitcoin ETF means a similar offering for Litecoin is imminent.  

>> Learn what is an ETF and how does it work 

Companies Connected to Litecoin and Cryptocurrency - Litecoin Stocks

Another option is to invest in cryptocurrency indirectly by investing and buying shares of companies that offer real-life products and services but still use or own cryptocurrencies as part of their business model (known as Litecoin stocks). With an all-in-one trading account with CAPEX, you can also trade shares CFD of public companies like:  

  • Nvidia (NVDA). This technology company builds and sells GPUs, which are the main equipment needed to mine cryptocurrency. Learn how to buy Nvidia shares
  • Mastercard (MA). Mastercard and its partners will test crypto payments to enable more banks and crypto companies to offer a card option to people wanting to spend their cryptocurrency anywhere Mastercard is accepted. Learn how to buy Mastercard shares
  • Spotify (SHOP). The music streaming service is looking to expand payment options and it might include crypto payment in the near future. Learn how to buy Spotify shares
  • Facebook (FB). The social media giant is developing a Diem (formerly Libra), a cryptocurrency that will enable fast and secure global financial payment accessible to everyone. Learn how to buy Facebook shares
  • Robinhood (HOOD). This is a popular US-based brokerage app that offers users to buy stocks, options, commodities and cryptocurrencies. Learn how to buy Robinhood shares
  • CME Group (CME). CME is a financial derivatives exchange that offers trades in cryptocurrencies as well. In Q3 2021, the company reported a 14% year-over-year increase in its average daily volume (ADV) at 17.8 million contracts. Learn how to buy CME shares

>> Learn more about stock investing 

How to buy Litecoin 

Are you wondering how to buy Litecoin with CFDs? CAPEX offers LTC trading via CFDs on Litecoin USD spot prices to speculate on the value of LTC against the most popular currency, as well as the brand-new PRO Shares Bitcoin Strategy ETF. Here are the steps: 

Step 1: Create an account and deposit funds 

When you trade on cryptocurrencies, instead of purchasing Litecoin and other popular digital currencies, you can be ready to open a position much faster. You do not need a digital wallet or an account with an exchange. In fact, all you need to trade via CFDs is an account with a leveraged trading provider. 

With CAPEX, you can open an account in minutes, and there is no obligation to add funds until you want to place a trade.  

Ripple account capex
How to create an account with CAPEX

 When you create a trading account with CAPEX, you will be able to: 

  • ‘Buy’ (go long) or ‘sell’ (go short) Litecoin and other popular cryptocurrencies to speculate on their price rising or falling
  • Take a position on our range of ETFs to get exposure to a basket of shares from an entire country, index, or sector that could be rising or falling in price.
  • Trade a host of global indices to go long or short on the performance of an entire economy with a single trade.
  • Use QuantX, the smart portfolio builder that helps you cover the popular industries and only invest in the top-performing stocks. 

Step 2: Choose your Crypto trading platform 

Our trading platforms can provide you with a smarter and faster way to trade Litecoin CFDs – with personalized alerts, interactive charts, trading signals, and built-in risk management tools. You can trade via the CAPEX trading platform using: 

CAPEX Web Trader 

Trade on one of the most complete, fully customizable trading platforms on the market. 
 
Available on desktop (Windows, Mac) and mobile (Android, iOS), it provides intuitive, web-based access to a vast range of tradable instruments, charting tools, analytical tools, and many more features. 

To view Litecoin's real-time price and chart on the trading platform can click on the "Search" icon located in the left panel or by clicking on "Cryptocurrency" and then select the instrument, in this case, Litecoin. 

Litecoin trading app
WebTrader CAPEX

MetaTrader 5 

MetaTrader 5, one of the best crypto trading apps, is providing superior tools for comprehensive price analysis, use of algorithmic trading applications (trading robotsExpert Advisor), and copy trading. 

MetaTrader 5 is available on both desktop and mobile.  

Step 3: Pick up a Litecoin trading strategy 

Learning how to buy Litecoin is easy but adopting the right Litecoin trading strategy is essential to time the market. 

The main Litecoin trading strategies are: 

Buy-and-Hold

Buy and hold, also called position trading, is an investment strategy whereby an investor buys Litecoin to hold them long term, with the goal of realizing price appreciation, despite volatility.  

Trend trading

Traders take a position according to the main trend (months to years). You can “go long” if Litecoin is in a bullish trend or “go short” if the Litecoin trend is bearish. If the major trend starts to slow or reverse, you will think about closing your position and opening a new one to match the emerging Litecoin trend. 

Day trading

All trades are performed during the day. There are no open positions overnight, though no rollover charges. Traders are looking to profit from Litecoin’s short-term price movements (including scalping), and it can enable them to make the most of daily volatility in bitcoin’s price. 

Hedging

When you hedge Litecoin, it means that you use CFDs to counteract the Litecoin price movement you already own. For example, if you owned some Litecoin but were concerned about a short-term drop in their value, you could open a short position on Litecoin with CFDs. If the Litecoin price falls, the gains on your short position would offset some or all the losses on the coins you own.  

Following the chart patterns and general trends can give you a hint to where Litecoin is going.  

Step 4: Set your Litecoin orders 

 A trade order is an agreement to buy or sell a specific asset like Litecoin at a specific price or price range. 

To buy Litecoin CFD with CAPEX, click on the "Buy" button and a window is displayed to configure the purchase order. You can choose among Market, Limit, and Stop orders. 

Additionally, you can pre-define Stop Loss and Take profit orders, which are crucial risk management tools – that help you minimize the potential loss and maximize the potential gains. 

Litecoin buy order capex
Litecoin buy orders

How to buy Litecoin with Market Orders 

The simplest type of trade order is a market order. Market orders are usually placed by traders if they want to be certain trade is executed. A market order is instant. Therefore, it is simply an order placed by a trader to buy or sell Litecoin immediately at whatever its current price is.  

I want to buy 20 Litecoin (LTC) right now or as quickly as possible. 

How to buy Litecoin with Limit Orders 

While a market order is simply an order placed by traders to buy or sell an asset immediately at whatever the current price, a limit order in its most basic sense, is an order to buy or sell an asset at a specific price. Buy limit orders are placed above key support levels with the purpose of limiting price risks anticipating the uptrend will resume after a correction (buy the dip).  

The price for LTC/USD is currently at USD 210 and you place a buy limit order at USD 201, then your order is meant to execute at the price of USD 201 as soon as there is a matching sell order at this price or better. 

How to buy Litecoin with Stop Orders 

A stop order is an order that becomes a market order only once a specified price is reached. It can be used to enter a new position or to exit an existing one. Limit orders are placed above key resistance levels anticipating a breakout after a consolidation. 

The price for LTC/USD is currently at USD 190 and you place a buy stop order at USD 201, then your order is meant to become market at the price of USD 201 as soon as the price is reached. 

Step 5: Monitor and close your Litecoin position 

To open a Litecoin trade, you’d buy if you thought that the price was going to rise or sell if you thought the price was going to fall. Once your trade is open, you’ll need to monitor the market to make sure that it’s moving in the way you anticipated. 

The technical indicators available on our trading platform can help you to determine what Litecoin’s price might do next. Indicators can also help you monitor current market conditions like volatility levels or market sentiment. 

Litecoin indicators
Add Technical Indicators

 

CAPEX WebTrader can deliver an in-depth analysis of the charts and offers over 90 indicators (including moving averageMACDRSI, and Bollinger Bands). The WebTrader platform also supports an interactive trading activity with high-end research tools helping you interpret market data.  

Take Profit & Stop Loss

Traders can close a position immediately to take a profit or to cut a loss. You can use market order or set Stop Loss and Take Profit levels when you set the order to buy Litecoin 

The platform offers the stop-loss option, which lets you clearly state how much you're willing to risk with your trade. Similarly, the take profit is the exact opposite. It tells your broker how much you expect to make as a profit and when you want to close your position. 

Any profits you make will be paid directly into your trading account. Losses are deducted from your account balance. 

When to buy Litecoin 

Investors should be aware of the fundamental and technical analysis when deciding when to buy Litecoin. The fundamental analysis considers the news and events about the coins, exchanges, and other crypto businesses. The technical analysis uses the price value history to map the evolution of the supply and demand for Litecoin. 

Litecoin Price Prediction using Fundamentals 

When using the fundamental analysis approach, investors should be aware of the government regulation, latest cryptocurrency updates, and technical issues, as well as cryptocurrency exchanges that affect the supply and demand for cryptocurrencies.  

For instance, when Bitcoin CME was introduced into the government regulations, and it drove the price of Bitcoin to almost $20,000 in December 2017. 

An accurate Litecoin price forecast using fundamental analysis considers the three main aspects: 

  • Blockchain metrics (hash rate, active addresses, transactions fees, and values)  
  • Financial (market capitalization, liquidity, trading volume, circulating supply) 
  • Project overview (team’s background, whitepaper, competitors, roadmap, tokenomics) 

What is the future of Litecoin? 

Litecoin (LTC) has been a steady long-term investment so far and it is expected that the price of LTC could further increase over the next years. According to Finder, crypto enthusiasts have said that Litecoin is still seen as one of the top cryptos in the space. However, there are two sides regarding the future of Litecoin.

The tech and crypto expert, Joseph Raczynski, from Thomson Reuters believes that Litecoin will continue to grow in 2022, but in the long run, it may be left behind:

“Since it is one of the early names in crypto, it will likely be around for years to come, but its relevance will decrease with time. Still, as all of these assets grow, while diminished, I still see LTC lifting with the tide, just not nearly as dramatically.”

Sathvik Vishwanath, the CEO of Unocoin Technologies Private Limited, expressed the most optimistic prediction for Litecoin, saying that it could reach $3,000 by December 2025.

Others, such as John Hawkins, senior lecturer at the University of Canberra, believe that “Litecoin now has little media profile and seems to offer no advantage over Bitcoin.”

Jonathan Zeppettini from Decred believed that the value of Litecoin will gradually plummet: "Litecoin is a meme coin similar to Dogecoin, the market will get smarter over time." He predicted that LTC will be worth $50 by December 2025 and only $5 at the end of 2030.

Because is difficult to analyze the intrinsic value of a cryptocurrency, it is recommended you perform a technical analysis before investing in Litecoin CFDs. It might offer some insight into the past movements of Litecoin, helping you predict where it will head in the future. 

Litecoin price prediction using technical analysis 

Some believe the high concentration of retail traders makes cryptos truer to traditional chart patterns and indications of oversold, overbought conditions, etc. 

Technical analysis techniques can be applied to any market where the price can freely fluctuate, and data is available to see those fluctuations. The CAPEX Web Trader has a full suite of all the best-known technical indicators and chart drawing tools. 

Litecoin Forecast 2022  

Litecoin future price forecast
Litecoin Price Chart Analysis

Litecoin can go up in 2022. As one of the most successful Bitcoin forks, LTC enables fast peer-to-peer transactions and allows crypto miners to easily earn a passive income when mining Litecoin. The price of Litecoin is strongly connected to the price movement of Bitcoin and Bitcoin Cash.

As of November 2021, the price of Litecoin stands at around $226. There are only 69 million LTC in circulation out of the total supply of 84 million. The all-time high was reached on May 10, 2021 ($412.96). From the moment Litecoin was created to the present moment, the coin had a price increase of over 5100%. 

Litecoin is consolidating the large downside movement showing a bearish rectangle. The 52-week moving average is the key support of the primary trend and the lowest support to buy Litecoin in 2022 with a bullish outlook. 

A positive Litecoin forecast should take into consideration a channel breakout followed by a week counter-trend above the previous swing high.

As with any other cryptocurrency asset, Litecoin has a volatile price, and investors should be cautious when investing in cryptocurrencies.

What Moves Litecoin Price

The most important aspects that can influence the Litecoin price are:

  • Total supply 
  • Utility 
  • News
  • Rules and regulations

Litecoin’s price corresponds to the current supply and demand in the crypto space. Considering Litecoin has a fixed maximum supply of 100 billion LTC, it is a digital asset that will experience scarcity as more investors join the Litecoin trading market. 

An important aspect of what moves the price of Litecoin is the news.  

In September 2021, there was a press release posted on several online news outlets, announcing that Walmart will start accepting Litecoin as payment. Even the official Twitter account of Litecoin Foundation posted about the news. Within hours, the price of LTC jumped from $170 to $230.

However, Walmart was fast to release an official statement that same day saying that the news wasn’t true. As it turns out, the press release and social media posts were planned by some unknown individuals who played a class investor pump and dump scheme with Litecoin. The price went back to around $180 after Walmart published the statement, but even so, the malicious individuals had enough to profit from this 30% price change.   

In conclusion, should you Buy Litecoin or not? 

As with any investment, make sure you carefully assess your financial situation before investing in cryptocurrency, Litecoin, and the stock market. Litecoin can be extremely volatile—a single tweet can make its price plummet—as cryptocurrencies are still a highly speculative investment. Follow the already famous crypto investment phrase — "invest only what you can afford to lose".

Similar guides:

Best Cryptocurrency to buy in 2022
Cryptocurrencies with the potential to explode in 2022
How to buy Bitcoin 
How to buy Ethereum  
How to buy Cardano 
How to buy Stellar Lumens 
How to buy Monero 
How to buy Bitcoin Cash 
How to buy Ripple
How to buy Chainlink
How to buy Polkadot
How to buy Tron TRX
How to buy Dogecoin
How to buy AAVE
How to buy EOS
How to buy Tezos
How to buy Dash
How to buy NEO
How to buy Compound
How to buy YEARN.Finance

disclaimers_articles

article_share_title

article_rating_title

awful
ok
great
awesome

read_more

Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.