What is Litecoin (LTC)?
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The litecoin (LTC / USD) is supported by criptodivisa license with MIT (Massachusetts Institute of Technology), created as a reserve for Bitcoin and unlike this different uses algorithms that make complementary.
Along with Bitcoin, it is the most popular cryptocurrency. While Bitcoin resets its operations every ten minutes, Litecoin does it every two and a half minutes, which makes it faster.
- Everyone can program in this type of currency, since the code is open .
- The unit limit of Litecoin is 84 million compared to 21 million Bitcoins.
- It is believed to be a more interesting pair to work with for technical analysis .
How to invest in Litecoin (LTC / USD)?
To be able to invest in Litecoin (LTC / USD) you only need to have a client account with XTB
With your xStation platform you will be able to operate in the 5 main cryptocurrencies against the US dollar (Bitcoin, Dashcoin Ripple, Litecoin, Ethereum).
The investment is similar to that of the Forex or currency market. That is, in a Litecoin (LTC / USD) buy position (long position) you are buying Litecoin against US dollars (selling dollars). In this case, Litecoin is expected to strengthen against the dollar. If instead you make a sale (sell) of Litecoin (LTC / USD) (short position) you will be selling Litecoin against US dollars, waiting for Litecoin to lose value against the dollar.